EU Backs ABN Amro Aid With Restrictions

Law360, New York (April 5, 2011, 2:31 PM EDT) -- The European Union's antitrust watchdog signed off Tuesday on billions of euros in Dutch aid to help restructure the ABN Amro Group, as long as the company doesn't make any acquisitions or use the money to otherwise push competitors out of business.

In addition to the deal ban, the European Commission decided that the group, which was formed by the merger of ABN Amro Bank NV and Fortis Bank Nederland (Holding) NV amid the financial crisis, must maintain certain margin profit levels in its private banking...
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