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Infosys takes over Dutch bank arm with majority stake

FPJ Bureau

Bengaluru: Global software major Infosys on Friday said it has completed the acquisition of majority (75 per cent) equity stake in the Stater N.V. subsidiary of the Netherlands-based ABN AMRO Bank. “Post-acquisition for $144 million (Rs 999 crore) in cash by our arm Infosys Consulting Pte Ltd,

we have formed a strategic tie-up with Stater, which provides mortgage administration services,” the city-based IT behemoth said. The Amsterdam-headquartered third largest Dutch bank, ABN, will hold the remaining 25 pc of the shareholding.