AMSTERDAM: The Dutch government is seeking to raise as much as 1.32 billion euros (US$1.5bil) in an initial public offering of ASR Nederland NV as it begins to pare back its holding in the insurer that was nationalized during the financial crisis.
The Netherlands plans to sell a stake of about 40% in the Utrecht-based company, including an overallotment option, at 18 euros to 22 euros a share, valuing the company at as much as 3.3 billion euros, the government said in a statement.
