Dutch investment fund Reggeborgh takes a 3% stake in ABN Amro

Reuters
20 hours ago
UPDATE 1-Dutch investment fund Reggeborgh takes a 3% stake in ABN Amro

Adds details of stakes in paragraph 3, state ownership history paragraph 4

AMSTERDAM, March 13 (Reuters) - Dutch investment fund Reggeborgh said on Thursday it had taken a 3.04% stake in Dutch bank ABN Amro ABNd.AS, one of the three dominant lenders in the Netherlands, which just published better than expected quarterly results.

The fund recently agreed to sell its 17.6% stake in Dutch private wealth manager Van Lanschot Kempen to ING ING.AS.

With its 3.04% stake, Reggeborgh is now ABN Amro's fifth largest investor - behind the Dutch state, U.S. asset manager MFS Investment Management, Norway's NBIM and BlackRock BLK.N Institutional Trust another U.S. asset manager - according to LSEG data.

ABN Amro was nationalised during the 2008 financial crisis. The Dutch state has been gradually reducing its ownership and its stake stands now at 32.4%.

(Reporting by Bart Meijer and Benoit Van Overstraeten; Editing by Alex Richardson, Elaine Hardcastle)

((benoit.vanoverstraeten@thomsonreuters.com; +33149495339;))

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