The Traderszone Network

Published in TZ Latest News 29 March, 2015 by The TZ Newswire Staff

ABN Amro IPO back in sight after executives concede on pay

The Dutch government will reconsider selling off ABN Amro [ABRGPA.UL], Finance Minister Jeroen Dijsselbloem said, after senior managers agreed to give up a controversial pay rise that had stalled progress on the bank’s proposed share listing. In the face of a widespread public outcry, the managers said they would give up raises of 100,000 euros ($110,000) each, which had been approved by the supervisory board for six members of the managing board, all but Chief Executive Gerrit Zalm.

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