ASR Nederland IPO on Euronext Amsterdam

Overview:

• ASR Nederland has undertaken a IPO on the Euronext Amsterdam.
• The issue raised €1 billion through the sale of 52.2 million shares priced at €19.50.
• The issue represents 35% of the company's equity.
• ABN Amro Bank, Citigroup Global Markets and Deutsche Bank (London Branch) acted as joint global coordinators.
• Barclays Bank, Coöperatieve Rabobank, HSBC Bank and ING Bank acted as joint bookrunners.
• Joh Berenberg Gossler & Co served as co-lead manager.
• The financial adviser to NL Financial Investments was Rothschild, while UBS advised ASR.
• The deal saw NL Financial Investments (acting on behalf of the Dutch state) sell a stake in the company. 
• The company was nationalised in 2008 when the Dutch state acquired the company's former parent Fortis.

Rani Mehta - Journalist