• 07 Dec

    ABN AMRO Commercial Finance Merger Details

    ABN AMRO Commercial Finance have just announced their intention to merge their commercial finance and their leasing businesses to form one company.

    ABN AMRO Commercial Finance Merger Details

    Upon approval, the legal merger of the commercial finance and leasing businesses will take effect on 1st January 2018. The name of the combined legal entity will be "ABN AMRO Asset Based Finance N.V. UK Branch", wholly owned by ABN AMRO Bank N.V.

    They intend to continue to use both "ABN AMRO Commercial Finance" and "ABN AMRO Lease" as trading names.

    They advise that all rights and obligations will transfer to the new legal entity and confirm that the existing team of people and shareholder will remain the same.

    Whilst the change may create a legal issue regarding existing agreements (as would any change in legal entity), it appears to be more of an internal reorganisation within the ABN AMRO group, rather than the traditional sense of a merger e.g. with an external organisation.

    By Glenn Blackman

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