ABN AMRO Asks Italian Stock Exchange Regulator To Approve Public Offering Of Banca Antonveneta Shares

ABN AMRO increased its stake in Banca Antonveneta to 55.8% following the purchase of 25.8% of its shares from Banca Popolare Italiana, but it awaiting approval by the Italian stock market regulator CONSOB to see whether is can go through

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ABN AMRO increased its stake in Banca Antonveneta to 55.8% following the purchase of 25.8% of its shares from Banca Popolare Italiana, but it awaiting approval by the Italian stock market regulator CONSOB to see whether is can go through with a plan to open remaining shares in the Italian bank up to public offering.

ABN AMRO has already filed its offering document for review with the Italian stock market regulator about its mandatory public offer for all the shares of Banca Antonveneta.

Following purchases in the open market, ABN AMRO’s current stake in Banca Antonveneta amounts to 60.12% of its outstanding share capital.

ABN AMRO will pay Banca Antonveneta shareholders a consideration of EUR 26.50 for each Banca Antonveneta ordinary share to be purchased through the offer.Once approval from CONSOB has been obtained, ABN AMRO will set the duration of the offering period, in agreement with the market operator Borsa Italiana. The offering period for a mandatory offer may last between 15 to 25 trading days.

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