National Australia Bank has confirmed that it is advanced discussions to acquire ABN AMRO Australia and New Zealand.
In an announcement released on the Australian Securities Exchange today, the bank said it was participating in a process being conducted by the Royal Bank of Scotland to acquire ABN AMRO Australia Holding Pty Ltd, which owns and operates the investment banking and wholesale banking businesses of ABN AMRO in Australia.
NAB said there can be no certainty that a transaction will result and that any potential transaction would be subject to due diligence and, ultimately, regulatory approval.
