The board of the NIBC bank in The Hague supports the takeover bid by the American investor Blackstone. That is willing to pay around 1.4 billion euros.
According to CEO Paulus de Wit, NIBC can continue the current strategy with Blackstone. In addition, the Americans make new investments and growth possible, for example in the field of business lending and fintech initiatives.
Two shareholders together holding more than 75 percent of the shares have already indicated that they want to sell them. Blackstone also hopes to convince the other shareholders to give up their shares. Ultimately, the investor wants to remove NIBC from the stock market.
400,000 customers
The Hague bank is active in Western Europe with corporate loans, savings products and mortgages. NIBC has 600 medium-sized companies and more than 400,000 private individuals as customers. The bank recently attracted attention by being the first to bring the mortgage interest rate for mortgages with a fixed-rate period of 10 years below 1 percent.
The acquisition must be completed in the second half of 2020. Supervisors still have to agree.
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