ABN AMRO in €6.3 Billion Cash Tender Offer for Banco Antonveneta

Cleary Gottlieb is representing ABN AMRO in a public cash tender offer for all outstanding ordinary shares of Padua-based Banca Antonveneta, a leading Italian banking group with a strong presence in Italy’s wealthy northeastern region. ABN AMRO currently holds a 12.676% stake in Banca Antonveneta, which is listed on the Italian Stock Exchange. The offer price of €25 per share is 30% greater than the official price of the Banca Antonveneta’s ordinary shares during the six months preceding the launch of the tender offer and values Banca Antonveneta at approximately €7 billion. The offer, with total consideration, is valued at €6.3 billion.

ABN AMRO is a prominent international banking group offering a wide range of banking products and financial services on a global basis through its network of 3,904 offices and branches in 58 countries and territories. The ABN AMRO Group is one of the largest banking groups in the world, with total consolidated assets of €608.6 billion.