Sigrid Baas
Sigrid Baas
deal full good point reason strategic view
From a strategic point of view it's a good deal. The reason I don't say a very good deal is because 26.50 is a full price.
countries eastern growth italy market potential struggle though
This is a very important acquisition for ABN because they struggle with growth and, though Italy is not a high-growth market like in Eastern Europe, there is more potential than in the Netherlands and most other countries where ABN is present.
banking break certainly foreign italian opens shows system though trigger
This shows that it is possible, though certainly not easy, to break into Italy. This could be a trigger that opens up the Italian banking system to other foreign takeover bids.