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Europe Daily Bulletin No. 10740

29 November 2012
ECONOMY - FINANCE - BUSINESS / (ae) competition
ABN AMRO and Rabobank participation in HVEG approved

Brussels, 28/11/2012 (Agence Europe) - On 28 November, the European Commission cleared the proposed acquisition by the Dutch banks ABN AMRO and Rabobank of controlling stakes in HVEG, a Dutch wholesale company specialized in clothing and accessories. HVEG is currently controlled by Vecelia which is itself a holding company for a private individual. Vecelia will exercise joint control over HVEG along with the two Dutch banks after the transaction. The Commission's investigation confirmed that...

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