13 Facts About ABN AMRO


From NHM, ABN AMRO owned a significant branch network in Asia and the Middle East, including the Saudi Hollandi Bank owned by the NHM Jeddah branch.

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In 1979, ABN AMRO had expanded into North America with the acquisition of Chicago-based LaSalle National Bank.

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On 21 February 2007, The Children's Investment Fund Management hedge fund called to ask the Chairman of the Supervisory Board to actively investigate a merger, acquisition or breakup of ABN AMRO, stating that the current stock price did not reflect the true value of the underlying assets.

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On 28 March 2007, ABN AMRO published the agenda for the shareholders' meeting of 2007.

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On 3 May 2007, the Dutch Investors' Association, with the support of shareholders representing up to 20 percent of ABN AMRO's shares, took its case to the Dutch commercial court in Amsterdam, seeking an injunction against the LaSalle sale.

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The revised offer did not include an offer for La Salle Bank, since ABN AMRO could proceed with the sale of that subsidiary to Bank of America.

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On 30 July 2007, ABN AMRO withdrew its support for Barclays' offer which was lower than the offer from the group led by RBS.

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ABN AMRO acquired the specialist on-line mortgage provider Direktbank Hypotheken as part of the nationalisation and from 1 January 2011 it stopped selling these products under this brand to the public.

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In November 2020, ABN Amro announced it would cut 2800 jobs and sell its head offices as a plan to reduce costs, hoping to save €700 million by 2024.

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ABN AMRO was the main sponsor of Dutch football club AFC Ajax of Amsterdam from 1991 to 2008.

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ABN AMRO was mentioned by the United States Securities and Exchange Commission in court filings when it sued Goldman Sachs and one of Goldman's collateralized debt obligation traders on 16 April 2010.

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ABN AMRO bank is one of the main banks financing the diamond business.

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ABN AMRO had branches in Botswana, New York, Hong Kong, Mumbai and Dubai, all of which they have sold or are in process of closing.

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