Infosys acquires 75% stake in subsidiary of Netherlands-based ABN AMRO Bank

New Delhi: IT services major Infosys on Friday said it has completed the acquisition of 75 percent 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 percent stake in Stater for 127.5 million euros (about Rs 989 crore).

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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).

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Infosys, announced a strategic partnership with ABN AMRO Bank. As part of the announced partnership, Infosys will acquire 75% of the shareholding in Stater N.V., a wholly owned subsidiary of ABN AMRO Bank N.V. ABN AMRO will continue to hold the remaining 25% of the shareholding. The transaction is.

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 percent stake in Stater for 127.5.

This is the first acquisition announced by the IT services major after Brian Humphries took charge as the chief executive officer. More than a year after Infosys put automation software company Panaya.

Infosys completes acquisition of 75% stake in ABN AMRO Bank subsidiary Stater By Ganesh Sivaraman on May 24, 2019 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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Bengaluru: Global software major Infosys on Thursday said its consulting arm would buy 75 per cent equity stake in Starter N.V., a subsidiary of the Dutch-based ABN AMRO Bank for Rs 999 crore ($144 million) for strategic partnership in The Netherlands.

India’s second largest IT services firm Infosys on Thursday said it will acquire 75 per cent stake in ABN AMRO Bank’s wholly-owned subsidiary, Stater, for 127.5 million euros (about Rs 989 crore). Both the companies have signed an agreement to this effect. Founded in 1997, Stater provides end-to-end.