ABN Amro hits the public market on Friday at 17.75 euros per share, in line with what was expected. Trading starts on Euronext Amsterdam at 9:00 a.m. with the stock symbol of AMS:ABN
ABN Amro's IPO will happen before the end of the year if all goes according to plan. The relaunch is planned to be on the Euronext Amsterdam. The initial public offering brings to a close a tumultuous eight-year period at the Dutch bank which saw board members anger politicians and citizens alike just last year by approving a 20 percent salary increase for 100 top executives, in an attempt to sidestep a cap on banker's bonuses introduced in 2015.
Consultancy and service firm Royal Imtech N.V. formally entered bankruptcy protection on Thursday. The fate of part of the Gouda-based company's workforce, including 22,000 global employees, of which 2,700 are in the Netherlands, is not yet known.
Dutch Television mogul John De Mol bought up a 5.1-percent stake in Amsterdam-based GPS device manufacturer TomTom. De Mol purchased about 11.7 million shares, local media reported on Wednesday citing a statement from the financial market regulator AFM.
In the first quarter of 2015, the market value of Dutch companies listed on Amsterdam's stock exchange, Euronext Amsterdam, rose to 735 billion Euros, reports the Dutch Central Bank (DNB). Compared to the previous quarter, it grew by 101 billion. This is the largest absolute increase since the last quarter of 1999.
Maurice van Tilburg has been appointed as the new CEO of Euronext Amsterdam, Euronext announced today. He will start as CEO with immediate effect, pending regulatory approvals.
New research by Dutch bank ING suggests consumer confidence in the Netherlands economy has fallen for the first time in a year. The report, published Wednesday, shows that some 70 percent of people living in the country see unemployment as the biggest problem facing the economy.