ABN AMRO is pleased to announce today that it has received the necessary regulatory permission to proceed with the separation of ABN AMRO Asset Management to Fortis, which is expected to be effective by the end of March 2008.*
Karel de Boeck, Vice-Chairman of the Managing Board of ABN AMRO, said: "This milestone is a testament to the disciplined and efficient work carried out as part of the precise integration process by the Fortis and ABN AMRO Asset Management team."
A further update on the transition of the ABN AMRO businesses to their new owners will be provided by RBS when it publishes its results on 28 February 2008.
*subject to consultation with the Works Council
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