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ABN Amro tees up Hong Kong group's largest acquisition

ABN Amro has orchestrated a €1.3bn ($1.3bn) bid for Kruidvat Group, the Dutch drugstore chain, by a subsidiary of Hong Kong-based conglomerate Hutchison Whampoa.

The deal sees AS Watson, Hutchison's wholly owned retail subsidiary, make an offer for the family-owned Dutch company. ABN Amro advised AS Watson on the acquisition, which is its biggest ever.

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