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Saturday, July 4, 
2:25 pm

Goldman-led group paying $1.5B for ABN's private equity assets

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The $1.5 billion price tag finally leaked in ABN Amro Bank's sale of its private equity assets to a consortium led by Goldman Sachs Group Inc.

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The Wall Street Journal reported the figure on the sale, which came out on Monday in a Dutch daily, but without details. The Journal story also said the deal consisted of 32 European companies and $450 million in capital to be invested in future deals. The divestment is part of the strategy by ABN's new owners Royal Bank of Scotland Group plc, Fortis Bank SA/NV and Banco Santander SA to sell off the assets from the bank they paid €72 billion ($113.3 billion) for last year. - George White

See WSJ story
See Reuters story
See story on sale on TheDeal.com
See story on ABN Amro sale on TheDeal.com






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