ABN AMRO announced the sale of Maas Capital, an independent subsidiary of the bank, to investment vehicles managed by EnTrust Global. This transaction was completed on 20 October 2021.
The Maas Capital portfolio consists of controlling and non-controlling stakes in shipping, intermodal and offshore services related assets.
The closing of the sale will have a modest net positive impact on ABN AMRO’s Q4 capital ratios and is another step in the winddown of the bank’s non-core activities, as announced in August 2020. Going forward, ABN AMRO’s equity investment activities will focus on sustainability, digitalisation and other corporate investments.
Source: ABN AMRO