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Wednesday, April 18, 2007

Dutch bank chief warns over ABN break-up

The Dutch Central Bank (DNB) on Wednesday threatened to stir further controversy over the destiny of ABN Amro when it warned that an offer by a consortium proposing the bank’s break-up would “increase risks and complications.”
The strongly-worded statement came in the wake of an earlier outburst by Nout Wellink, central bank governor, who said an attack on ABN by an activist UK hedge fund demanding a break-up was “a bridge too far”.

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