NAB quits bidding for ABN Amro units

The bank gave no explanation for its withdrawal in its statement. The decision leaves Commonwealth Bank of Australia as the leading Australasian contender, the Sydney Morning Herald reported today.

The units could fetch A$500 million to A$1.3 billion, the Herald said, citing market observers. ABN Amro Australia Holdings made a profit of A$131 million last year, up 96% from the previous year.

Among the businesses for sale would be a half stake in ABN AMRO Craigs, which is owned 50-50 by senior employees of the firm and ABN Amro Holdings. Bank of Scotland acquired ABN Amro assets last year for about 14 billion euros.

By Jonathan Underhill

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

TWL - Share Purchase Plan Results
GMT revaluation, unit buyback and proposed structure update
Devon Funds Morning Note - 17 February 2026
CEN - Contact successfully completes NZ$450m Placement
February 17th Morning Report
PFI - Divestments
CEN offers to purchase remaining 25% of King Country Energy
February 16th Morning Report
SkyCity Appoints Chief Financial Officer
February 13th Morning Report