ABN AMRO to acquire NIBC Bank from Blackstone for $1.11bn.

ABN AMRO, a banking company, agreed to acquire NIBC Bank, a commercial bank, from Blackstone, an American multinational private equity firm, for $1.11bn. “We are delighted to welcome NIBC and its employees to ABN AMRO. NIBC’s entrepreneurial mindset, expertise, culture and client relationships are a strong fit with our strategy and values. NIBC’s customers will become part of a large and solid bank, ABN AMRO, that always aims to give the best service possible. NIBC’s team and clients can count on getting the help and support they need, now and in the future,” Marguerite Bérard, ABN AMRO CEO.