Deals
ABN Amro Said to Weigh Sale of Asia Private-Banking Business
- Bank said to have contacted potential buyers to gauge interest
- Deliberations are at an early stage and no certainty on deal
Here's Why Netherlands M&A May Heat Up
This article is for subscribers only.
ABN Amro Group NV, the state-controlled Dutch lender that returned to the stock market last year, is exploring a sale of its Asia private-banking business, people with knowledge of the matter said.
The bank is working with a financial adviser and has reached out to potential buyers to gauge their interest, according to the people. The deliberations are at an early stage, and there’s no certainty they will result in a deal, the people said, asking not to be identified as the information is private.