Consortium now has 4.1% in ABN Amro

The consortium involved in the battle for the takeover of ABN Amro has now expanded its stake in the Dutch bnk to 4.1% at a cost of around €510m. Earlier this week it emerged that Royal Bank of Scotland, Fortis and the Spanish bank Santander had built up an interest of 3.25% in ABN Amro.

A spokeswoman from the Dutch-Belgian bank insurer Fortis confirmed to ANP news service on Wednesday night that a further 15 million shares have been bought for around €34 per share. ABN Amro’s dhare closed 1.6% down on Wednesday at €33,87.
The consortium has been embroiled in a takeover battle with Britain’s Barclays bank for ABN Amro for months.

Thank you for donating to

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