Deutsche Bank signs agreement to purchase parts of ABN Amro

Deutsche Bank has signed a heads of agreement with the Dutch Ministry of Finance to acquire parts of ABN Amro's commercial banking activities in the Netherlands.

Deutsche Bank said that the assets to be acquired remain the same as those in the original agreement entered into in July 2008. Negotiations continue on final terms and conditions.

Deutsche Bank continues to believe the combination would create a powerful platform for clients and employees.

The transaction is subject to agreement by ABN Amro and several authorizations of the Deutsche Bank supervisory board, De Nederlandsche Bank, the approval by the European Commission and other regulatory bodies.

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