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ABN AMRO to buy private German bank for $730m

The Dutch bank is acquiring Hauck Aufhauser Lampe from Chinese conglomerate Fosun International

By

P.R. Venkat

With the acquisition of HAL, Bethmann Bank—ABN AMRO’s private banking arm—will become one of Germany’s largest providers of banking services for wealthy private clients, family businesses, and institutional clients.
With the acquisition of HAL, Bethmann Bank—ABN AMRO’s private banking arm—will become one of Germany’s largest providers of banking services for wealthy private clients, family businesses, and institutional clients. Photo: piroschka van de wouw/Reuters

ABN AMRO Bank has agreed to acquire a private bank in Germany for €672m, solidifying its position as one of the country’s top three wealth-management firms.

The Dutch bank is acquiring Hauck Aufhauser Lampe, or HAL, from Chinese conglomerate Fosun International, ABN AMRO said on 28 May.

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