In a new development, it has emerged that Infosys has completed a deal with ABN AMRO Bank to pick up a 75% stake in its end to end mortgage administration, service Stater. The deal is worth 127.5 million Euros, and it is believed that the deal is a strategic one for the Indian firm.
Infosys has been engaged with ABN AMRO for over a decade.. multi-million dollar deal with ABN AMRO to provide IT services to the retail and commercial bank.. infosys, a strategic partner of.
Infosys Completes Formation of Strategic Partnership with ABN AMRO in the Netherlands. Infosys on Thursday said it was picking up a 75 per cent stake in Stater N.V, a wholly owned subsidiary of ABN Amro Bank N.V, in an all-cash deal worth Euro 127.5 million (around Rs 990 crore)..
As part of the deal, Infosys will acquire 75 per cent of the shareholding in Stater, while ABN AMRO will continue to hold the remaining 25 per cent, Infosys said in a statement.
IT services major Infosys Friday said it has completed the acquisition of 75 per cent shareholding in ABN AMRO Bank’s wholly-owned Stater NV. In March, the country’s second largest IT services firm had said it will acquire 75 per cent stake in Stater for 127.5 million euros (about Rs 989 crore). ABN AMRO continues to hold the remaining 25 per cent.
Barclays risks being regarded as a takeover target after revealing last night that it was in "exclusive" talks to merge with its Dutch rival ABN Amro in a deal that would. Any failure to complete.
HUD earmarks $43 million for housing counseling agencies The Department of Housing and Urban Development has set aside $43 million to fund grants for hundreds of housing counseling organizations. The grants will be used to help hud-approved agencies counsel consumers on things like buying a first home, finding affordable rental housing, obtaining a reverse mortgage or
Infosys, a global leader in next-generation digital services and consulting, today announced that it has completed the formation of a strategic partnership with ABN AMRO in the Netherlands by acquiring 75% of the shareholding in their wholly owned end-to-end mortgage administration service provider Stater N.V.
Read more about Infosys completes formation of strategic partnership with ABN AMRO in Netherlands on Business Standard. IT major Infosys has completed the formation of a strategic partnership with ABN Amro in the Netherlands by acquiring 75 per cent of the shareholding in their wholly-owned end-to-end mortgage administration service provider Stater NV.Stater is a