ABN Amro Takeover Details To Be Disclosed

By Dan Keane
16:36, May 14th 2007
67 votes
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ABN Amro Takeover Details To Be Disclosed

The Dutch Authority of Financial Markets (AFM) directed Monday that all information concerning the ABN Amro takeover has to be made public.

"The takeover will result in substantial job loss for all banks involved. The effects of the take-over are not limited to the employees of ABN Amro alone," the RBS-led consortium writes.

Meanwhile, Royal Dutch Shell said that ABN Amro Holdings NV CEO Rijkman Groenink has withdrawn his candidacy to become a non-executive board member for the Anglo-Dutch oil group.

A statement from Royal Dutch Shell said: "Groenink withdrew because he "wants to fully dedicate his attention to ABN Amro, given the current corporate activities around the company."

A poll released on Monday suggests that 42 percent of the Dutch business class think ABN Amro board president Rijkman Groenink should resign.

Intomart GfK polled 250 entrepeneurs for Dutch commercial radio station BNR Nieuwsradio on Monday.

Poll results showed that Dutch entrepreneurs were dissatisfied with the current state of affairs with ABN AMRO.

Some 63 percent of entrepreneurs want the government to intervene more to keep Dutch companies like ABN in Dutch hands.



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