BNP Paribas Interested in Buying State-Owned ABN Amro
Bloomberg News
17 juni 2022 13:21 CEST
Share this article
In this article
BNP
BNP PARIBAS
48.30EUR+0.78+1.64%
BNP Paribas SA has expressed interest in a potential acquisition of ABN Amro Bank NV, the Dutch consumer lender that’s been government-owned since the financial crisis, Bloomberg News reports.
France’s biggest bank recently reached out for a meeting with the Dutch government and discussed its interest in a transaction, the people said, asking not to be identified because the information is private. BNP is drawn to ABN Amro’s retail and corporate franchise and the opportunity to expand in northern Europe, the people said.
The Dutch government isn’t seriously examining the interest for the time being, and BNP’s preliminary contact hasn’t progressed to any detailed negotiations, the people said. The state may prefer to sell down further shares on the market, which would allow it to raise money while retaining some control, one of the people said.
More information is available on the Bloomberg Terminal.
Up Next