Dutch financial services giant ABN AMRO came a step closer to financing its acquisition of Alleghany Asset Management (AAM) after the firm completed the sale of European American Bank (EAB) to Citibank.
The sale of EAB - a New York-based commercial bank deal - is worth a US$1.6bn equity stake, and proceeds from the transaction will also be used to partly fund ABN’s purchase of US commercial bank, ...
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