Wall Street

France’s BNP Paribas approached Dutch state to buy ABN, source says

Published by
Reuters UK

PARIS/AMSTERDAM (Reuters) -France’s biggest lender BNP Paribas signalled to the Dutch government an interest in taking over state-owned bank ABN Amro, a person with knowledge of the matter said on Friday, adding that the Dutch finance ministry was not pursuing such a deal at this time. A combination between BNP and ABN AMRO would be the first major cross-border deal in a long-anticipated consolidation drive across Europe’s banking sector. News of the approach, first reported by Bloomberg News, sent ABN Amro shares surging in Amsterdam. Spokespeople for BNP and ABN declined to comment, while th…

Read More

Share this Story
Load More Related Articles
Load More In Wall Street