Memo: Mergers: Fortis Bank Nederland and ABN AMRO Bank Nederland – Commission grants 24 hour extension of deadline for implementation of remedies

In the light of encouraging developments, the European Commission decided to grant an extension of the deadline until 20 October 2009 for the divestment of Fortis' corporate banking business, consisting of Hollandsche Bank Unie N.V. (HBU), two corporate client departments, 13 'Advieskantoren' and ABN AMRO's Dutch factoring activities to a large international bank.