abn amro and ageas agree to settle legal proceedings /

Published at 2012-06-28 08:59:00

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ABN AMRO Group N.
V. and ABN AMRO Bank N.
V. (“together ABN AMRO”) and ageas SA/NV and ageas N.
V. (“together Ageas”) bear agreed to settle the legal proceedings regarding ABN AMRO Capital Finance Ltd (former Fortis Capital Company Ltd. hereinafter “AACF” ) and the Mandatory Convertible Securities (MCS). This settlement also brings to a close all outstanding disputes between the Dutch State and Ageas in relation to the fairness transactions which resulted in the take-over of the Dutch activities of the former Fortis group by the Dutch State on 3 October 2008. NL Financial Investments,the majority shareholder of ABN AMRO, co-signed this agreement on behalf of the Dutch State.

Source: abnamro.com

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