The Acquisition of ABN AMRO (B)
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This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.
ABN AMRO's acquisition coupled with sub-prime crisis also led Fortis into trouble. Fortis customers lost confidence in the bank resulting in huge withdrawals. As Fortis was one of the biggest banks in the Netherlands, Belgium, and Luxemburg, those governments came to its rescue from bankruptcy. Each government contributed certain amounts to Fortis in return for stakes in its operations in their respective countries. Later, majority stakes in Belgium and Luxemburg operations were sold to the French banking giant, BNP Paribas.
ABN AMRO, Royal Bank of Scotland, Fortis, Banco Santander Central Hispano SA, Subprime Crisis, Banca Antonveneta SpA, Consortium Banks, La Salle Bank, Bank of America, Mortgage Backed Securities, Acquisition, Global Banking Industry, Integration Expenditure, Wholesale Banking Business, Asset Management, Retail Banking, Corporate Finance, Debt Management, Merger Valuation, Financing of Acquisition, Risk Management, Synergies from the Merger, Asset Devaluation, Shareholder Value, Regulatory Environment, Collateral Debt Obligations, Credit Default Swap
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