ABN stands ready to buy Antonveneta
Article Abstract:
ABN Amro Holding N.V. of the Netherlands is negotiating to acquire a 30 percent stake in Banca Antonveneta S.p.A. of Italy from Banca Popolare Italiana SCARL. The original deal was controversial in Italy and met with some resistance. The acquisition of an Italian bank by an outside lender is the first in the history of Italian banking and may herald more cross-border acquisitions.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
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ABN Amro faces a losing battle for Antonveneta
Article Abstract:
ABN AMRO Bank N.V. of the Netherlands is facing a losing battle to acquire Banca Antonveneta of Italy. When the deal was first announced Banca Popolare Italiana SCARL went into action and is on the verge of a takeover victory. The acquisition by Banca Popolare Italiana SCARL would be a negative indicator for cross-border mergers in the banking industry in Italy.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
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ABN still faces an uphill fight for Antonveneta
Article Abstract:
Bank of Italy Governor Antonio Fazio has approved Dutch bank ABN AMRO Holding N.V.'s takeover bid for Banca Antonveneta. If the merger goes ahead, it will be one of Europe's largest cross-border bank deals and will mark the first time in over a decade that the Italian central bank has permitted the foreign purchase of an Italian bank.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
User Contributions:
Comment about this article or add new information about this topic:
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