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Tuesday, January 25, 2011

ABN AMRO listing more likely than sale-Dutch FinMin, (ING), (AEGN), (SR)

Dutch Finance Minister Jan Kees de Jager said on Tuesday a sale of state-owned bank ABN AMRO [ABNNV.UL] to a foreign or domestic bank was less likely than a stock listing, which is expected in 2014 at the earliest. The Dutch government nationalised ABN AMRO in October 2008 and provided capital injections for ING (ING.AS), Aegon (AEGN.AS) and SNS Reaal (SR.AS) as it paid out about 40 billion euros ($54.46 billion) to rescue its domestic financial sector as the credit crisis swept the globe. "Although there are other options, the stock listing (of ABN AMRO) is the most realistic," De Jager said in his weekly live television interview with Dutch broadcaster RTL Z.

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