Thursday, February 19, 2015 - 11:23
Hostile takeover of ABN Amro possible as IPO takes shape
ABN Amro wants more protection against possible hostile takeovers on the stock market, De Telegraaf reports. The Ministry of Finance believes that the bank should be put on the stock market for the highest possible price. The Ministry fears that too much protection could have a negative effect. Officially ABN Amro and the Ministry are still discussing the matter, but according to De Telegraaf, top officials have already made a decision. The bank wants to be armed against a hostile takeover from the first moment of the IPO. The bank's board wants this to happen through the Priority Foundation, which is a permanent factor in such a construction. The Ministry of Finance does not like this proposal.