ABN AMRO won't release Q3 figures

31st October 2007, Comments 0 comments

31 October 2007 , AMSTERDAM (AFP) - Dutch bank ABN AMRO, just acquired by a European consortium under Royal Bank of Scotland (RBS), said Wednesday it would not release third quarter figures Thursday as planned and would align itself with the semi-annual reporting calendar of RBS.

31 October 2007

AMSTERDAM (AFP) - Dutch bank ABN AMRO, just acquired by a European consortium under Royal Bank of Scotland (RBS), said Wednesday it would not release third quarter figures Thursday as planned and would align itself with the semi-annual reporting calendar of RBS.

ABN AMRO said it would not publish its results until the annual report from RBS on 28 February.

The consortium, which also groups Dutch-Belgian group Fortis and Banco Santander of Spain, on 10 October declared victory in the battle for ABN AMRO, sealing the biggest takeover in banking history.

Their bid valued the Dutch lender at about USD 100 billion (EUR 71 billion). Their plan is to break up the parts of ABN AMRO and to divide them among consortium members.

After the successful takeover, ABN AMRO was removed from the Amsterdam stock exchange, part of Euronext, and thus no longer has a legal obligation to publish its results.

The last financial results reported by ABN AMRO were its second quarter figures on 30 July.

[Copyright AFP 2007]

Subject: Dutch news

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