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Three head coaches IPO banks ABN Amro
25-07-2015 10:32
NLFI, the foundation that manages the shares of ABN Amro on behalf of the State, the trio Friday has appointed global coordinator. That is the main role in the counseling process.
Three investment banks, ABN Amro itself, Deutsche Bank and the US Morgan Stanley, have been appointed to lead ABN Amro of the IPO in the right direction.
NLFI, the foundation that manages the shares of ABN Amro on behalf of the State, the trio Friday has appointed global coordinator. That is the main role in the counseling process.
The decision was an extensive selection beforehand, which, according NLFI both price and quality was studied. For the role of global coordinator were named at an earlier stage fourteen possible candidates, including ING, Rabobank and US heavyweight Goldman Sachs.
NLFI start now further selection of investment banks for the minor roles of "Bookrunner" and "co-lead manager. There is no fixed timetable for the proposed IPO, NLFI stressed Friday.
Jeroen Dijsselbloem, as Minister of Finance is the only shareholder of the bank, hopes to raise at least 15 billion euros in an IPO. The Dutch state has invested a total of nearly 22 billion euros in the bank since its nationalization in 2007.
The total cost of the sale are estimated at 90 million euros. Previously, the expectation that the first part of 20 to 30 percent of the shares, is at the end of 2015 to the fair.
Dijsselbloem left to NU.nl able to postpone the IPO when the stock market is in bad weather. "Suppose the stock market collapsed at the end of the year, then postponed the sale of the first shares", said the minister.
By: ANP / NU.nl / (Photo: Reuters)