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.