The European Commission conditionally clears a merger in the financial services sector (Fortis/ABN AMRO)

"Mergers: Main developments between 1 September and 31 December 2007"* On 3 October the Commission cleared the proposed acquisition of certain assets of the Dutch banking group ABN AMRO by the Belgo-Dutch financial services group Fortis. The Commission’s decision was granted subject to the upfront divestiture of ABN AMRO‘s Dutch factoring subsidiary and part of its commercial banking business in the Netherlands. Fortis has activities in banking, insurance and related services, such as asset

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Authors

  • J G Associates (Brussels)
  • DG COMP (Brussels)

Quotation

John Gatti, Mary Loughran, The European Commission conditionally clears a merger in the financial services sector (Fortis/ABN AMRO), 3 October 2007, e-Competitions Bulletin Financial services, Art. N° 37722

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