The European Union’s antitrust authority has approved state support for Dutch state-owned bank, ABN Amro, The Wall Street Journal reports. The authority has asked the bank not to use the aid for acquisitions and its private banking business.
The restrictions will be in place for a period of at a minimum three years. The Dutch government is planning to privatize the Amsterdam-based ABN Amro through a stock market listing in 2014.
Click here for the story from The Wall Street Journal.
Click here for additional coverage from Reuters.