The TCI plan to break up ABN Amro to improve its share performance is supported by “four or five other shareholders” according to a Dutch newspaper.
ABN Amro CEO Rijkman Groenik told the Dutch newspaper NRC Handelsblad that an unspecified number of other investors have purchased one per cent stakes in the company giving a clear signal that TCI’s plan has significant support.
However, since TCI, who own a one per cent stake in ABN Amro, proposed the break-up, the Dutch Central Bank, who have the legal right to deny permission to hedge funds wishing to buy over ten per cent of a Dutch bank, has expressed disquiet over the scheme.
As yet ABN Amro have not responded to TCI’s overtures.