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Rabobank sells 9.74 pct stake in Van Lanschot
September 12, 2017 / 5:45 AM / 8 days ago

Rabobank sells 9.74 pct stake in Van Lanschot

AMSTERDAM, Sept 12 (Reuters) - Rabobank, the Dutch cooperative bank, said on Tuesday it sold its 9.74 percent stake in smaller peer Van Lanschot Kempen.

Rabo said it sold a little over 4 million shares to institutional investors in an accelerated offering at 25.10 euros per share, 4.6 percent below Van Lanschot’s closing price on Monday of 26.30 euros. (Reporting by Toby Sterling; Editing by Amrutha Gayathri)

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