NAB may buy ABN Amro units

The transaction would be subject to due diligence and there is no certainty a deal will be done, the bank said in a statement today.

Acquiring the units would give NAB a stake in brokerage ABN Amro Craigs alongside its existing Bank of New Zealand unit. ABN Amro also operates wholesale corporate and investment banking operations in Australia and New Zealand.

ABN AMRO Craigs is New Zealand's largest full-service investment advisory firm with 17 branches throughout the country, according to its website. It 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.

Also today, NAB said it would issue about 34.85 million shares at $27.26 apiece through a dividend reinvestment plan.

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:

SKC - FY26 Half Year Result Teleconference Details
January 22nd Morning Report
TGG - FY 2025 Earnings Guidance Update
Meridian Energy monthly operating report for December 2025
January 21st Morning Report
PEB - Q3 26 Results and Key Strategic Milestones
FBU - Fletcher Building announces sale of Fletcher Construction
A thank you from Stuff's owner and publisher
FPH Appoints New Director and Future Director
January 19th Morning Report