ABN AMRO Incorporated To Solidify Global Position With Energy Futures Acquisition From Merrill Lynch.Business Editors CHICAGO--(BUSINESS WIRE)--March 6, 2000 ABN AMRO ABN AMRO Algemene Bank Nederland-Amsterdam Roterdam Bank (Dutch bank) Incorporated has signed a letter of intent to acquire the energy futures and options businesses of Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. , assuming responsibility for clearing and execution of exchange-listed energy futures, options and commodities transactions. Building on its core energy business, this addition of personnel and accounts from Merrill Lynch places ABN AMRO Incorporated among the largest energy futures brokerages in the world. "We made a commitment to expand our global energy operations and this opportunity was a natural extension of that strategy," says James Gary, executive vice president and global head of futures at ABN AMRO Incorporated. "Energy is one of the sectors ABN AMRO has targeted for both banking and brokerage activities. This acquisition will fit neatly into that strategy." Under the terms of the agreement, three principals from Merrill Lynch and a supporting team critical to the business, will join ABN AMRO Incorporated's global futures group. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Allan Zavarro, senior managing director for ABN AMRO Incorporated in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , "With this agreement, we are not only gaining a skilled team of professionals and a quality portfolio of clients, we are now in a position to be a very significant participant in energy futures." ABN AMRO Incorporated, a subsidiary of ABN AMRO Bank N.V., is a full-service investment banking, advisory and brokerage firm. Its services include trading, underwriting and research in equity, fixed-income and money-market securities; execution and clearing for equities, options and futures; institutional, commercial and private client brokerage; and tax-exempt, commercial and federal leasing. ABN AMRO Incorporated is a member of all principal U.S. exchanges and a primary dealer in U.S. government securities. It is the U.S. affiliate of ABN ABN Advance beneficiary notice, see there AMRO's worldwide investment banking network, which extends to 66 countries and employs over 9,000 people. Editor's Note Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. : ABN AMRO is an acronym acronym: see abbreviation. A word typically made up of the first letters of two or more words; for example, BASIC stands for "Beginners All purpose Symbolic Instruction Code. and always capitalized. |
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