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Amro takes stake in Chinese focussed firm

China
ABN Amro
Mergers & Acquisitions

(16 May 2007 – China) ABN Amro has paid US$50 million for a 9.9 percent stake in non bank financial services firm Vongroup Ltd in China.Vongroup provides secured consumer finance and smart card services, targeting China’s “urban middle classes”.

ABN Amro is paying HK$0.71 each for shares.

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