a.s.r. response to Finance Minister’s Letter to Parliament
Today, Finance Minister Dijsselbloem informed the Lower House of Dutch Parliament the Cabinet has decided to initiate the selling process for a.s.r. The Minister plans to ask NLFI and a.s.r. to start preparing for an IPO, so that privatization will become an option from the first half of 2016.
The Minister has agreed with the Lower House that a.s.r. can be privatized as soon as the financial sector is sufficiently stable, there is enough interest in the shares and a.s.r. is ready. The Minister feels that these conditions are now being met. If the Lower House agrees to the selling strategy proposed by the Minister, priority will be given to preparing for a.s.r.’s IPO in the first half of 2016.
Jos Baeten, CEO of a.s.r.: ‘We have read the decision the Minister has presented to the Lower House and share his conclusion and NLFI’s recommendation that the preparations for an IPO can be initiated.
From the time that a.s.r. was nationalized, all our people have worked hard to build a financially solid and socially relevant insurance company that would be ready to return to the private sector at some point in time. Our accomplishments over the past few years show that a.s.r. is on track for a successful privatization. It is now up to the Lower House to decide whether or not a.s.r. should be sold.
An IPO will not affect our services to customers. We will continue on the path we have chosen by demonstrating every day that we are committed to building an insurance company that helps people and continuously works to develop sustainable relationships with its customers.’
See for more information: https://www.rijksoverheid.nl/actueel/nieuws/2015/11/27/asr-volgend-jaar-naar-de-beurs