ABN Amro Gets Restructuring Nod From EU

The European Union’s antitrust authority has approved state support for Dutch state-owned bank,ABN Amro,TheWallStreetJournalreports. The authority has asked the bank not to use the aid for acquisitions and its private banking business.

The restrictions will be in place for a period of at a minimum three years. The Dutch government is planning to privatize the Amsterdam-based ABN Amro through a stock market listing in 2014.

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