Gold prices climb, set for fourth straight month of gains on rate cut cheer
Investing.com -- ABN AMRO Bank has reached an agreement with Blackstone to acquire NIBC Bank, a move that will strengthen its position in the Dutch retail banking market.
The acquisition, valued at approximately €960 million, represents 0.85 times NIBC’s book value based on shareholders’ equity at closing. The final transaction price remains subject to adjustments.
ABN AMRO expects the deal to enhance its profitability, projecting a return on invested capital of around 18% by 2029. The bank anticipates significant synergy potential with low execution risk.
The acquisition will impact ABN AMRO’s CET1 ratio by approximately 70 basis points at closing.
The transaction remains subject to regulatory approvals and works council consultation processes, with completion expected in the second half of 2026.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.