date:Aug 30, 2012
The European Commission has cleared the acquisition of theHeiploeg Group, a Dutch supplier of shrimps, by the Dutch banksABN AMRO, Rabobank and Friesland Bank together with the Icelandicbank Landsbanki The Commission ruled that the takeover would notraise competition concerns because it will not significantlyalter the market structure.
The joint venture by the three banks completed a EUR 157 millionrefinancing effort, for Heiploeg, allowing it greater flexibilityin borrowings and repayment. The