ABN takes over Antonveneta

IIPM-PUBLICATION

ABN AMRO Bank (ABN – Algemene Bank Nederland; AMRO – Amsterdam-Rotterdam Bank) has won a long drawn legal and political battle to acquire Banca Antonveneta, a midsize bank in north-eastern Italy. The deal – worth $3.86 billion – is expected to herald the beginning of a new wave of crossborder mergers in Europe,as this is the first foreign takeover of an Italian bank.

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Source IIPM-Editorial,2006