ABN AMRO announces the sale of Solveon

ABN AMRO Bank N.V. reached agreement with Lindorff Group AB on the sale of Solveon Incasso B.V., a wholly owned subsidiary of ABN AMRO. Solveon provides debt collection services for ABN AMRO and other clients in the Netherlands.

ABN AMRO decided to divest Solveon as its debt collection activities are not part of the bank’s core business. Lindorff is expected to further strengthen and develop the Solveon organisation going forward.

ABN AMRO and Lindorff have agreed that Solveon will continue to provide debt collection services for ABN AMRO. This will guarantee quality and continuity.
Currently Solveon employs 122 people.

The proposed sale is subject to the usual closing conditions and is expected to be completed in the last quarter of 2012.

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