EU Extends Deadline For ABN Amro, Fortis Asset Sales

Date : 10/20/2009 @ 12:49PM
Source : Dow Jones News
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EU Extends Deadline For ABN Amro, Fortis Asset Sales

BRUSSELS -(Dow Jones)- The European Commission extended the deadline for the Dutch state to sell off assets belonging to Dutch banks ABN Amro and Fortis Bank Nederland once again Tuesday, to allow time for a sale to Deutsche Bank (DBK.XE) to be finalized.

The deadline was already extended for 24 hours late Monday. The commission didn't disclose the new deadline.

The asset sale was required as part of the E.U. antitrust body's 2007 approval for the merger of Fortis Bank with the Dutch activities of ABN Amro.

-By Carolyn Henson, Dow Jones Newswires; +32 2 741 1481; carolyn.henson@dowjones.com

 
 

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