AMSTERDAM: Today, ABN AMRO announces that it has reached an agreement on the sale of its fully-owned subsidiary Alfam, ABN AMRO’s personal loan business, to Rabobank. ABN AMRO will continue to offer personal loans to its clients, now via a third-party arrangement with Rabobank. The personal loans market is highly competitive, making scale increasingly important….
Tag: Netherlands
Tata Steel IJmuiden to acquire for LAG Velsen B.V. €140 million
AMSTERDAM – Tata Steel IJmuiden B.V., a wholly owned subsidiary of Tata Steel Limited, has signed a Share Purchase Agreement with Vattenfall Power Generation Netherlands B.V. to acquire full ownership of LAG Velsen B.V., a new entity that will house three key power plants in the Netherlands. The deal, finalized on November 14, 2025, is…
ABN AMRO to acquire NIBC Bank for EUR 960 million
AMSTERDAM – Today, ABN AMRO Bank N.V. announces that it has reached agreement with Blackstone to acquire NIBC Bank. With the acquisition, ABN AMRO will add further scale to its retail banking activities, reinforcing its strong position in the Dutch market. Established in 1945, NIBC is a well-managed largely Dutch focused entrepreneurial bank specialised in…
Eli Lilly to build $3 bln Dutch plant to boost output of weight-loss pill
AMSTERDAM – Eli Lilly and Co (LLY.N) said on Monday it will invest $3 billion to build a new manufacturing plant in the Netherlands, expanding capacity for its experimental weight-loss pill orforglipron and other oral treatments as it races to meet soaring demand. The Indianapolis-based drugmaker is ramping up production of its key metabolic drugs,…
Riverstone Energy to sell Onyx Power to ResInvest Group for $49 million
LONDON: Riverstone Energy Limited (REL) announced the proposed sale of 100% of its interest in Onyx Power to ResInvest Group, a privately owned trading and investment company, supplying key commodities for global markets. Onyx Power is a European-based independent power producer that owns and operates approximately 2,350 MW of gross installed capacity of coal-, gas-,…
Compass Group to acquire premium european food services firm Vermaat Groep for €1.5 billion
LONDON: Compass Group PLC (LSE: CPG), a global leader in food services, said Tuesday it has agreed to acquire Netherlands-based Vermaat Groep B.V. for an enterprise value of approximately €1.5 billion, expanding its premium food offerings across Europe. Vermaat is a multi-sector operator known for its customized on-site food concepts and consumer-oriented retail services. With…
Sia expands European footprint with acquisition of Dutch AI consultancy Precedence
AMSTERDAM: Sia, a next-generation global consulting group, has acquired Precedence, a Netherlands-based consultancy specializing in AI-driven transformation, in a move that strengthens its presence in the Benelux region and accelerates its European growth strategy. The acquisition follows a strategic minority investment of up to €250 million by Blackstone, the world’s largest alternative asset manager, in…
AAC Clyde Space and partners establish laser satellite communication hub in the Netherlands
AAC Clyde Space, in collaboration with Dutch organizations TNO and FSO Instruments, is creating a hub for laser satellite communications in the Netherlands. The agreement solidifies the commitment of all three parties to build a long-term partnership and establish a European ecosystem for laser satellite communication. Advances in high data volume payloads, particularly for Earth…
Air Liquide expands homecare services in Belgium and Netherlands
PARIS: Air Liquide has acquired homecare entities in Belgium and the Netherlands, supporting 10,000 patients with chronic conditions. The €10 million turnover operation adds to the Group’s existing support of 2 million people worldwide and aligns with its focus on Home Healthcare as a priority development area. The acquisition includes VitalAire, Air Liquide’s Home Healthcare…
Air Liquide signs its biggest Power Purchase Agreement in Netherlands
PARIS, FRANCE: Air Liquide (Paris:AI) has signed its biggest long-term Power Purchase Agreement (PPA) to date with approximately 115 MW of new offshore wind electricity, purchased to Vattenfall in the Netherlands. This PPA comes in addition to a previous agreement announced with Vattenfall in March 2021, expanding the long-term partnership between the two groups. It…
Collins Foods acquires 9 KFC restaurants in the Netherlands
SYDNEY, AUSTRALIA: Collins Foods Netherlands B.V. has entered into a share purchase agreement with RDK Holding B.V. and MDK Holding B.V. to acquire nine KFC restaurants in the Netherlands. The sellers are the second largest KFC franchisee in the Netherlands after Collins Foods’ 35 restaurants. Once completed, this acquisition will increase the Collins Foods KFC…
Bunzl plc announces acquisitions in UK, Netherlands and Canada
LONDON: Bunzl plc has recently completed three further acquisitions each in UK, Netherlands and Canada, a news release said. In January the Company acquired Deliver Net, a healthcare distributor to care home groups in the UK, with 2020 revenue of £20 million. Deliver Net is closely aligned with Bunzl’s existing care home business in the…