Friday, October 7, 2016

Nordea wanted to merge with ABN Amro – Private-Shops

It is reported by Bloomberg News on Thursday evening with reference to an anonymous source for the newspaper NRC Handelsblad come up with similar data earlier in the day based on a document sent to the Dutch minister of finance Jeroen Dijsselbloem.

Nordea’s chairman of the board Björn Wahlroos shall, over the past few months have met with ABN Amros chairman Gerrit Zalm, according to NRC Handelsblad.

Björn Wahlroos shall, according to the Bloomberg data have suggested a so-called reverse acquisitions through shares, which would mean that Nordea would be able to change domicile to the Netherlands and thus avoiding Sweden’s “stringent” capital requirements.

ABN Amro, based in Amsterdam, returned to the stock market in 2015, seven years after the Dutch government rescued the bank.

A merger between the AMN Amro and Nordea would be the biggest bankfusionen in Europe since the financial crisis.

Nordea’s head of media relations Magnus Nelin said to Bloomberg News that the bank never comments: “this type of rumors”. Whether ABN Amro and the Dutch minister of finance wanted to comment on.

ABN Amro has a market value of around 168 billion, while Nordea’s counterpart is around 358 billion.

The Dutch state owns through the foundation NLFI 77 per cent of the shares in ABN Amro, according to a compilation in Bloombergsystemet.

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