ABN AMRO acquires Hauck Aufhäuser Lampe for $730m, bolstering its German wealth management services.

ABN AMRO acquires Hauck Aufhäuser Lampe, a leading private bank in Germany, to strengthen top 3 position in wealth management. The deal, worth $730 million, will make ABN AMRO one of the largest providers of banking services for wealthy private clients, family businesses, and institutional clients in Germany. The acquisition is expected to close in Q2 2023, pending regulatory approvals.