(BFM Bourse) – If the file is only at a very preliminary stage, according to Bloomberg, the information from the financial agency according to which BNP Paribas has approached the Dutch government with a view to a possible takeover of ABN Amro makes the course of the credit institution jump.
The interest of the tricolor banking group BNP Paribas for ABN Amro, revealed by Bloomberg, caused the Dutch bank’s share price to jump by 14% to 11.71 euros around 2:00 p.m. in Amsterdam, bringing its capitalization to nearly 5.4 billion euros. euros.
According to sources interviewed by the financial information agency, the main banking group in the euro zone (by balance sheet size) has met with representatives of the Dutch government to outline its interest in ABN Amro. Very weakened by the financial crisis of 2008, the financial services group underwent major transformations, disposals of assets and changes of ownership, the Dutch government having ended up bringing together and buying the remainder of its assets in 2010. In 2015, the State reintroduced ABN Amro on the stock market by selling 20% of the capital.
Historical consolidator of the European sector, in particular through the acquisitions of the Italian BNL then the Belgian-Dutch Fortis, BNP Paribas would now be interested in ABN Amro in order to strengthen its positions in northern Europe.
However, the government would not be fully considering the interest of the French group, and the trial balloon launched by BNP Paribas would not have led to further negotiations at this stage, according to Bloomberg sources. . Indeed, the listing of ABN Amro on the stock market already offers the State the possibility of selling an additional share of the capital to raise funds, while retaining more or less tight operational control.
For its part, the BNP Paribas share gained almost 2%, without standing out from its sector since Crédit Agricole progressed by the same amount and Société Générale by 3%.
Guillaume Bayre – ©2022 BFM Bourse
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