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Image header Agence Europe
Europe Daily Bulletin No. 9376
Contents Publication in full By article 18 / 37
GENERAL NEWS / (eu) eu/financial services

Dutch bank ABN Amro, latest prey to proactive shareholder approach by hedge fund TCI

Brussels, 28/02/2007 (Agence Europe) - London-based hedge fund The Children's Fund (TCI) last week questioned the strategy of Dutch bank ABN Amro, in which it holds about a 1% share, complaining about the bank's performance in delivering value for its shareholders. In a letter, TCI criticised the bank's policy on reducing costs and the high price paid for the purchase of Italian bank Antonveneta, which failed to deliver value, and called on it to suspend its planned acquisition of Capitalia,...

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