TheDutch government rejected an unsolicited approach by to buyABN AMRO Group NV,the Financial Times reported Oct. 6,citing "two people briefed on the talks."
Theapproach was made in June to Netherlands Financial Investments, or NLFI, anagency that holds the majority stake in the bank on behalf of the Dutchgovernment. Talks between NLFI and Nordea fell apart in September when NLFI deemedthe offer unacceptable, the report said.
NordeaChairman Björn Wahlroos suggested a reverse takeover via a share exchange,which would have allowed the Swedish bank to get around strict capitalrequirements in its home market, "a person familiar with the matter"told Bloomberg News on Oct. 6.
ABNAMRO was surprised by Nordea's approach and was never looking for a buyer, anunnamed official from the bank told Reuters.
"ABN is not in play. We were baffled by the approach byNordea and referred it to our largest shareholder, the (NLFI), who rejected it.End of story," the source told Reuters.
ABNAMRO was rescued in a Dutch government bailout in 2008 but to trading on the stock marketin late 2015, with the government floating a 23% stake in a transaction that the lender at €16.7 billion.