BUSINESS

ABN Amro re-privatization set to start Nov. 20

Staff Writer
Columbus CEO

THE HAGUE, Netherlands (AP) — Nationalized Dutch bank ABN Amro says it is beginning its re-privatization Nov. 20 with an initial public offering of 20 percent of its shares.

The bank, which was saved from collapse by the Dutch government seven years ago, said Tuesday the price of its shares would be between 16 and 20 euros ($17.19-21.48), putting the value of the first tranche to be sold at 3-3.76 billion euros ($3.2-4 billion).