Don't Meddle With Bank Buyout, EU Tells Netherlands

Law360, New York (April 19, 2007, 12:00 AM EDT) -- The European Commission on Thursday warned the Netherlands not to interfere in the bidding war over Dutch bank ABN Amro Holding N.V., a move that would violate new Commission laws on cross-border acquisitions.

“This directive stipulates that all the bids should be assessed in a nondiscriminatory way,” said Oliver Drewes, a spokesman for Charlie McCreevy, commissioner for the internal market and services. “Commissioner McCreevy expects them to respect the rules, because in this situation, certain remarks were made about certain bidders by Dutch financial supervisors.”...
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