BNP Paribas Considers ABN Amro Acquisition
Posted on 06/26/2022
French banking giant BNP Paribas had approached the Dutch government to buy the 57% state-owned bank ABN Amro. ABN Amro was publicly listed in late 2015. ABN remains majority owned by the Dutch government after it was bailed out during the 2008 financial crisis. The state has not sold any shares since September 2017. The potential deal would be a major cross-border deal in a wave of consolidation across Europe’s fragmented banking sector.
In 2021, BNP Paribas agreed to sell CA-based Bank of the West in a bid to focus on Europe.
