(Reuters) - The bank, which provides retail banking and financial services to small and mid-sized companies in the Netherlands, said the acquisition would be earnings accretive from 2008 and double its share of the Dutch insurance market.
SNS said it will partly fund the acquisition with 350 million euros in equity and that its majority shareholding foundation would also concurrently sell up to 200 million euros' worth of existing shares, with an over-allotment of 50 million euros.
Read more at Reuters.com Business News
SNS said it will partly fund the acquisition with 350 million euros in equity and that its majority shareholding foundation would also concurrently sell up to 200 million euros' worth of existing shares, with an over-allotment of 50 million euros.
Read more at Reuters.com Business News
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