Both the bank and the insurance results seem to be lower than expected. Although it might be that the 200 million euro charge for management overhaul is included in the division.
Sigrid Baas
This shows that it is possible, though certainly not easy, to break into Italy. This could be a trigger that opens up the Italian banking system to other foreign takeover bids.
system break banking easy italy
From a strategic point of view it's a good deal. The reason I don't say a very good deal is because 26.50 is a full price.
reason good price strategic view
This is a very important acquisition for ABN because they struggle with growth and, though Italy is not a high-growth market like in Eastern Europe, there is more potential than in the Netherlands and most other countries where ABN is present.
growth acquisition potential present market struggle europe italy important
management results division insurance
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