Blocks pace quickens as Dutch state sells €452m chunk of ASR

ASR Nederland gebouw2 230x150
By Aidan Gregory
13 Jan 2017

The acceleration of equity block trading in Europe continued on Thursday evening, when NLFI, the organisation that manages investments for the Dutch government, launched the sale of a 13.6% stake in ASR Nederland, the insurer nationalised during the financial crisis.

The €452m deal followed a successful €1.1bn privatisation by the French government on Tuesday night. France sold a 4.1% stake in Engie, the power and gas company formerly called GDF Suez.

“It was a great deal,” said a banker on the ASR Nederland block. “We were well covered ...

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