Infosys completes acquisition of 75% stake in ABN AMRO Bank subsidiary Stater – Firstpost

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Infosys completes acquisition of 75% stake in ABN AMRO Bank subsidiary Stater Updated : May 24, 2019 01:07 PM IST 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).

Complete lowdown on Infosys’ acquisition of Stater (ABN AMRO’s mortgage processing unit), and what this portends for mortgage bpo infosys, last week, announced buying 75% stake in Stater, till then a wholly-owned subsidiary of ABN AMRO bank, and providing mortgage servicing.

Indian software giant Infosys has completed the acquisition of majority equity stake of 75% in the Stater N.V., a subsidiary of the netherlands-based abn amro Bank, for $144 million (Rs 999 crore) in cash.

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Infosys completes acquisition of 75% stake in ABN AMRO Bank subsidiary Stater Updated : May 24, 2019 01:07 PM IST 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).

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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Infosys in May 2019 completed its acquisition of 75 percent stake in ABN AMRO Bank’s subsidiary Stater, one of the largest mortgage service provider, for close to Rs 1,000 crore.

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.

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Read more about Infosys completes acquisition of 75% in ABN AMRO Bank subsidiary Stater on Business Standard. Founded in 1997, Stater is the largest mortgage service provider of the Benelux By continuing to use this site you consent to the use of cookies on your device as described in our Cookie Policy unless you have disabled them.