ABN ready to talk to hedge fund

ABN Amro is prepared to talk to British hedge fund TCI which wants the bank to split up or sell off some of its operations, sources have told the Financieele Dagblad. The bank is not prepared to accede to demands for a split-up but will talk about an extra capital payout, the sources said.

Last month ABN Amro announced a €1bn share buyback programme.
Meanwhile, health service pension fund PGGM has added its voice to the criticism of ABN Amro’s performance. A spokesman told ANP yesterday that ‘like TCI, we are worried about ABN Amro’s strategy.’

Thank you for donating to DutchNews.nl.

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation