"DNB must be open to all bids on ABN"

19th April 2007, Comments 0 comments

19 April 2007, AMSTERDAM – The European Commission warned the Netherlands today that it must remain open to all bids on ABN Amro, a spokesperson for European Commissioner for the Internal Market Charlie McCreevy said on Thursday.

19 April 2007

AMSTERDAM – The European Commission warned the Netherlands today that it must remain open to all bids on ABN Amro, a spokesperson for European Commissioner for the Internal Market Charlie McCreevy said on Thursday.

The Commission's warning comes in response to concerns aired by De Nederlandsche Bank (DNB) with regard to the interest of a consortium comprised of Fortis, Santander and Royal Bank of Scotland, in ABN Amro.

The DNB says a bid from these three banks could be "strongly risk-increasing." In February of this year Brussels also commented when DNB spoke out about the attack by hedge fund TCI.

The Dutch authorities must assess every bid in a "non-discriminatory manner," said the spokesperson for McCreevy. The European Commissioner would be disappointed if the Netherlands were to become protectionist.

ABN Amro is still in talks with British bank Barclays about a possible merger.

[Copyright Expatica News + ANP 2007]

Subject: Dutch news

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