Fortis sells ABN Amro units to Deutsche

Financial services group Fortis has sold a number of the ABN Amro activities it acquired during the takeover to Germany’s Deutsche Bank for €709m.

The sale involves a number of commercial banking units Fortis was ordered to divest by the European Commission as a condition for the takeover last year.
The deal means Deutsche Bank is now the fourth biggest provider of corporate and investment banking in the Netherlands, the Financieele Dagblad reports.

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