End of period creditor objections
- Economy
Today, ABN AMRO Group announces that the creditor objection period concerning the proposed merger of ABN AMRO and Fortis Bank Nederland was successfully completed. The Amsterdam District Court has confirmed on 19 May 2010 that no objections were filed.
During a one-month period creditors were able to file objections against the proposed merger at the Amsterdam District Court. The law offers this option as part of the merger process. Earlier (on 30 October 2009) ABN AMRO also completed the creditor objection period concerning the legal demerger. No objections were filed in this period either.
The fact that no objections have been filed marks an important step in the merger process of ABN AMRO and Fortis Bank Nederland.
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