French banking giant BNP Paribas has expressed interest in acquiring ABN Amro Bank, which has passed into the hands of the Dutch state after the global financial crisis, as reported by Bloomberg.
According to people who asked the agency not to be named, as the information is confidential, the largest bank in France requested and recently had a meeting with the Dutch government where it discussed its interest in the transaction.
BNP is interested in ABN Amro’s retail and corporate franchise, with the prospect of expanding into Northern Europe, according to Bloomberg sources.
According to the same sources, however, at the moment the Dutch government is not seriously considering the interest of the BNP and the preliminary contact has not proceeded to further negotiations.
One of the sources of the agency estimated that the Dutch state might prefer to sell more shares of the bank in the market, something that would allow it to raise funds while maintaining some control over ABN Amro.
It is noted, however, that after the news became known, the share of ABN Amro in Amsterdam held a brutal rally that reached 17%.
BNP is moving at 2.5% respectively, outperforming the Stoxx 600 which is at 1.3%.
Source: Capital
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