January 10, 2018 / 7:53 AM / in a year

Belgian bank Belfius IPO possible in the second quarter - finance minister

BRUSSELS (Reuters) - The Belgian state could float part of its holding in retail bank Belfius [SFDPIA.UL] on the stock market between April and June, the country’s finance minister told public broadcaster VRT in an interview shown on Wednesday.

Belfius, the Belgian retail arm of bailed-out lender Dexia (DEXI.BR), was nationalised by Belgium in 2011 when France, Belgium and Luxembourg had to come to the aid of the group caught up in the credit crunch.

“June would be an ideal moment. I think the end of April also still is not excluded, but then things have to move fast,” Finance Minister Johan Van Overtveldt told VRT television.

Belgium business daily De Tijd reported on Wednesday that Citigroup, JP Morgan, Merrill Lynch and UBS had been tasked with leading the initial public offering (IPO) of a 25-35 percent stake in the bank.

Reporting by Robert-Jan Bartunek; editing by Philip Blenkinsop

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