Europe News Netherlands

  • Euro zone private sector growth cooled in August as factory order growth hit its weakest since late 2005 and a credit squeeze in financial markets bruised service sector confidence, key data showed on Friday.

  • Industrial supplier Hagemeyer reiterated its full-year goal of improved profitability and a 9% return on invested capital for its PPS division, while announcing an interim dividend of 0.04 euros per share as it posted half-year results that showed increased sales and net profits that were in-line with analysts' expectations.

  • KKR Private Equity Investors, the Amsterdam-listed affiliate of U.S. private equity giant Kohlberg Kravis Roberts, said it made an investment return of 12.3% on an annualised basis in the six months to June and an 11.6% annualised return in the second quarter.

  • Icelandic lender Kaupthing Bank said Wednesday it bought the Dutch merchant bank NIBC Holding for 2.99 billion euros ($4.06 billion).

  • A consortium of European banks seeking to buy ABN Amro said on Tuesday it had increased its stake in the Dutch bank to 3.25%.

  • Dutch chemicals group Akzo Nobel has agreed a deal to buy Britain's ICI for 8 billion pounds ($16.2 billion) to boost its position as the world's biggest industrial coatings maker.

  • The setting sun casts a yellow glow on the ABN Amro head office building in Amsterdam, Netherlands, Wednesday July 18, 2007. ABN Amro said Wednesday it would meet with a consortium led by Royal Bank of Scotland that is offering euro 71.1 billion (US$97.8 billion) for the Dutch bank and with rival bidder Barclays PLC to discuss "the implications" of the RBS bid. The target of the largest takeover battle in the history of the financial industry added that it has "no intention of making any major a

    Royal Bank of Scotland shareholders overwhelmingly approved the proposed 71 billion euro ($97.24 billion) takeover of ABN Amro on Friday, the third and final leg of backing from investors in the RBS-led consortium.

  • Belgian-Dutch financial services group Fortis reported a 16% year-on-year rise in second-quarter net profit on Thursday, beating analysts' expectations due to strong banking results.

  • ING Groep, the Dutch banking and insurance group, reported a 27% rise in net profit for the second quarter on Tuesday, boosted by the sale of part of its stake in ABN Amro Holding.

  • Belgian-Dutch financial services group Fortis on Monday cleared the way for its plan to buy parts of rival ABN Amro, as its shareholders in Belgium and the Netherlands gave their approval.

  • Dutch chemicals group Akzo Nobel has won access to Imperial Chemical Industries' books after raising its indicative bid for the British maker of Dulux paints to 8.0 billion pounds ($16.3 billion).

  • Consumer goods giant Unilever beat forecasts with a 5.8% rise in quarterly underlying sales, and said it now expected sales growth for the full year at the upper end of its 3% to 5%  target range.

  • Dow Chemical, the biggest U.S. chemical company, is considering making a bid for Britain's Imperial Chemical Industries, the Daily Telegraph newspaper said on Wednesday.

  • A takeover of Dutch bank ABN Amro by Britain's Barclays would boost pay of ABN board members, a filing at the U.S. Securities and Exchange Commission showed.

  • Digital mapping company Tele Atlas, in the process of being acquired by navigation device maker TomTom for 1.8 billion euros ($2.5 billion), Tuesday reported a second quarter net loss of 1.2 million euros ($1.6 million).

  • Air France-KLM declined  comment on Tuesday on the latest in a series of newspaper  reports that it remains interested in bidding for Alitalia.

  • Akzo Nobel, the Dutch chemicals and industrial coatings maker, reported that net profit fell 25% to 270 million euros ($373 million) in the second quarter.

  • Dutch navigation systems company TomTom plans to buy its main supplier of digital maps, Tele Atlas, for 2 billion euros ($2.8 billion) in cash, the companies said on Monday.

  • British bank Barclays said on Thursday it might change its agreed offer for ABN Amro and possibly include some cash, as it battles a higher bid from a consortium of three major European banks.

  • ABN Amro

    Barclays is planning to sweeten its offer for ABN Amro after a consortium of  rivals led by Royal Bank of Scotland revised its bid for the Dutch bank, the Financial Times said on Tuesday.