On 10 June 2011, ABN AMRO reached agreement with BNP Paribas Fortis on the sale of the non-Dutch activities of factoring company Fortis Commercial Finance (FCF).
FCF used to be part of Fortis Bank Belgium (now part of BNP Paribas). The Dutch part of FCF will remain with ABN AMRO and be integrated into ABN AMRO's factoring business, ABN AMRO Commercial Finance.
The planned sale is subject to the usual conditions, including advice from the Works Council and approval by the relevant authorities, including merger control authorities.
The name of the Dutch part of FCF will be changed to ABN AMRO Commercial Finance and its activities brought in line with the other activities of ABN AMRO Commercial Finance. ABN AMRO Commercial Finance is well-positioned in the Netherlands, Germany, France and the United Kingdom and the sale will enable it to reinforce its focus on these core countries.
ABN AMRO and BNP Paribas have entered into an agreement to enable continued services to the multilocal
For more information, please contact:
ABN AMRO Press Relations
+31 20 6288900
ABN AMRO Investor Relations
+31 20 6282282