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.

Europe

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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.

Industry Overview, Economic aspects, ABN AMRO Bank N.V. (Amsterdam, Netherlands)

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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.

Legal issues & crime, Government regulation (cont), Government expenditures, Financial management, Government regulation, Legal/Government Regulation, Foreign investments, Company legal issue, Laws, regulations and rules, Company investment, Investments, Investigations, Economic policy, European Union. European Commission, Fazio, Antonio, Banca Popolare di Lodi S.C.A.R.L.

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