Deutsche Bank has reached preliminary terms with the Dutch government to buy commercial banking assets from ABN Amro, removing a potential obstacle imposed by Brussels on plans to restructure the nationalised Dutch bank. Deutsche first struck a deal last year to buy the units from Belgo-Dutch group Fortis for €709m in cash. The Dutch government then insisted on renegotiating the deal, which will see Deutsche become the fourth largest provider of corporate and investment banking in the Netherlands.

This entry was posted by Gwen Robinson on Wednesday, October 21st, 2009 at 4:50 and is filed under Capital markets, M&A. Tagged with abn amro, deutsche bank, fortis. Edit this entry.