Blade Watch

http://www.foxbusiness.com/markets/industries/finance/article/fortis-abn-amro-announce-step-sale-parts-abn-amro-business-unit-netherlands_546806_9.html

BRUSSELS, BELGIUM, Apr 03, 2008 (MARKET WIRE via COMTEX) — Today Fortis and ABN AMRO announce the first step in the sale of parts of the commercial banking activities of ABN AMRO Business Unit Netherlands (BU NL). This consists of Hollandsche Bank Unie N.V., two corporate clients units and 13 commercial advisory branches. In addition, the Dutch factoring company IFN Finance B.V. will be sold. All these businesses are currently part of ABN AMRO in the Netherlands.

Very cool, it will be interesting to see what changes and opportunities result from this transaction, we’ll have to see.

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