News

ABN to plea against ban on LaSalle sale

'Appeal required under the contract with Bank of America':ABN

diamond world news service

According to reports, ABN Amro is planning to appeal against the Dutch court decision to stop the $21bn (£10.5bn) sale of its US arm LaSalle to Bank of America.

Price of ABN shares have gone down 3pc to €35.20 since it rejected the consortium's offer for LaSalle in favour of BoA.

The Dutch bankhad affronted a $24.5 billion offer for LaSalle from a rival consortium led by Royal Bank of Scotland since important issues related to financing, shareholder approval etc.,were not clear.


Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet

Lesotho’s Kao Diamond Mine Faces Imminent Closure Without Government Relief

Christie’s Online Jewellery Auction Achieves 100% Sell-Through

Angola Makes Bold Move to Acquire Full Control of De Beers from Anglo American

Napoleon’s Historic Diamond Brooch to Headline Sotheby’s Geneva Auction

The Daring Louvre Heist -- Lessons for the Global Jewellery Sector