BNP Paribas (BNPQY) reaches out to the Dutch government for a meeting to discuss its interest in a deal with ABN Amro.
France's biggest lender BNP Paribas signalled to the Dutch government an interest in taking over state-owned bank ABN Amro, a person with knowledge of the matter said on Friday, adding that the Dutch finance ministry was not pursuing such a deal at this time. A combination between BNP and ABN AMRO would be the first major cross-border deal in a long-anticipated consolidation drive across Europe's banking sector. News of the approach, first reported by Bloomberg News, sent ABN Amro shares surging in Amsterdam.
The Dutch finance ministry said on Friday it could not comment on a Bloomberg report that said French lender BNP Paribas had expressed interest in buying Dutch bank ABN Amro. "The Ministry of Finance cannot make any public announcement about the specific considerations about the sale of shareholding in ABN Amro," it said in a statement. "For as long as the Ministry has been holding a stake in ABN Amro, it has talks with various stakeholders on a regular basis about a broad range of topics related to this shareholding."