Deutsche and Morgan Stanley among global coordinators for ABN Amro's IPO

Morgan Stanley building

Morgan Stanley, Deutsche Bank and ABN Amro itself were named global coordinators for the nationalised bank’s planned initial public offering.

Bloomberg News reports that Stichting NLFI, which manages ABN Amro’s shares on behalf of the Dutch state, is 'satisfied with the quality of the selected investment banks and the agreements that have been reached in respect of the price', it said in a statement last week. 

The government agency will now start a further selection for the roles of bookrunner and co-lead manager.

The Dutch government won support from parliament last month for its plan to return part of Amsterdam-based ABN Amro to the markets, as it signaled the sale may slip into next year. The IPO has no fixed timetable, which will depend on the state of the financial markets, among other things, NLFI said.

To access the complete Bloomberg News article hit the link below:

ABN Amro Will Manage Own IPO With Morgan Stanley, Deutsche Bank

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