Infosys completes acquisition of 75% stake in ABN AMRO Bank subsidiary Stater – Firstpost

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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).

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.

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Complete lowdown on Infosys’ acquisition of Stater (ABN AMRO’s mortgage processing unit), and what this portends for mortgage bpo infosys, last week, announced buying 75% stake in Stater, till then a wholly-owned subsidiary of ABN AMRO bank, and providing mortgage servicing.

Infosys and ABN AMRO have entered into a strategic partnership wherein Infosys will acquire 75% of shares(for 127.5 million euros) in Stater N.V., a wholly owned subsidiary of abn amro bank. The partnership aims to strengthen Infosys’ position across the mortgage service chain.

Infosys completes acquisition of 75% stake in ABN AMRO Bank subsidiary Stater In March, the country’s second largest IT services firm had said it will acquire 75% stake in Stater for 127.5 million.

Friday Infosys said in a statement [.] Infosys completes acquisition of 75% In Bank subsidiary – Financial Post On Friday IT services major Infosys said it has completed the 75 per cent shareholding in ABN AMRO Bank’s wholly-owned Stater NV.(according to the source).

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.

Read more about Infosys completes acquisition of 75% in ABN AMRO Bank subsidiary Stater on Business Standard. Founded in 1997, Stater is the largest mortgage service provider of the Benelux By continuing to use this site you consent to the use of cookies on your device as described in our Cookie Policy unless you have disabled them.

IT services major Infosys said it has completed the acquisition of 75% shareholding in ABN AMRO Bank’s wholly-owned cNV. 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 989 crore).