abn amro appeals acquisition ban /

Published at 2013-06-04 18:37:00

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On 4 June 2013,ABN AMRO pleaded with the European Court of Justice against the acquisition ban. ABN AMRO objects to the duration and scope of the imposed degree and believes that it is out of proportion with the state aid that ABN AMRO received. The European Commission applies an acquisition ban to state-supported financial institutions in various ways. ABN AMRO believes that the ban for ABN AMRO places unreasonably heavy restrictions on the bank in making acquisitions, while being insufficiently substantiated.

Source: abnamro.com

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