ABN AMRO, a Dutch banking company, agreed to acquire Hauck Aufhäuser Lampe, a German private bank, from Fosun International, a Chinese multinational conglomerate holding company, for €672m. "I would like to pay tribute to our talented teams, whose efforts have greatly supported the fantastic development of the bank in the last 10 years. The proposed combination with ABN AMRO Germany will strengthen further the position in the market and gives the combined bank more opportunities for growth through even broader products and services to our clients," Michael Bentlage, HAL CEO.