BNP Paribas approached Dutch government about ABN Amro acquisition

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Deal would be first major move in long-expected wave of consolidation across Europe’s banking sector

BNP Paribas executives told the Dutch government that the French bank would be interested in buying state-owned lender ABN Amro, according to people familiar with the matter.

A meeting between BNP executives and Dutch government officials took place in recent months, with the French bank initially pitching its services as an adviser on stakes of state assets, according to people with knowledge of the talks. But during the meeting, the BNP representatives suggested they would be interested in buying ABN themselves.

 

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