ABN AMRO To Aquire Banca Intesa's Remaining Holding In Banco ABN AMRO Real

ABN AMRO today announced that they will be exercising their right to aquire Banca Intesa's remaining 3.86% holding in Banco ABN AMRO Real. ABN AMRO had a call option, exercisable at any time, to acquire the Banco ABN AMRO Real

By None

ABN AMRO today announced that they will be exercising their right to aquire Banca Intesa’s remaining 3.86% holding in Banco ABN AMRO Real. ABN AMRO had a call option, exercisable at any time, to acquire the Banco ABN AMRO Real shares owned by Banca Intesa.

Banca Intesa will receive approximately €233 million and make a capital gain of approximately €20 million in its third-quarter 2006 consolidated statement of income.

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