ABN gets offer for Saudi Hollandi stake
Monday, 22 October 2007
RIYADH, Oct 21 (Reuters): Dutch bank ABN AMRO has received offers for its 40 per cent stake in Saudi Hollandi Bank, the Saudi lender's chairman, Sulaiman al-Suhaimi, said in remarks published Sunday.
ABN has informed Hollandi that it had received offers to buy the stake and the offers have passed on to Saudi authorities, Asharq al-Awasat quoted Suhaimi as saying.
ABN's shares could also be sold to the public via the stock market, he said, according to the paper. It did not name the bidders.
ABN has informed Hollandi that it had received offers to buy the stake and the offers have passed on to Saudi authorities, Asharq al-Awasat quoted Suhaimi as saying.
ABN's shares could also be sold to the public via the stock market, he said, according to the paper. It did not name the bidders.