Case | HBS Case Collection | August 2005 (Revised March 2007)

Politics and Prudential Supervision: ABN Amro's Bid for Antonveneta (A)

by Rawi E. Abdelal and Christopher Bruner

Abstract

Involves the March 2005 takeover bid launched by ABN Amro, the Dutch bank, for Padua-based Banca Antoniana Popolare Veneta S.p.A. (Antonveneta)--a bid that many would view as a test of Italy's commitment to the creation of a single European market for financial services, as well as the openness of the Italian retail banking market. Provides background on European financial integration and developments in the Italian banking market over recent decades, describes events surrounding ABM Amro's bid and the emergence of a competing bid by a much smaller Italian rival, and the role of the Bank of Italy in determining the fate of Antonveneta.

Keywords: History; Transformation; Business and Government Relations; Integration; Competitive Strategy; Mergers and Acquisitions; Emerging Markets; Financial Markets; Banks and Banking; Financial Services Industry; European Union; Italy;

Citation:

Abdelal, Rawi E., and Christopher Bruner. "Politics and Prudential Supervision: ABN Amro's Bid for Antonveneta (A)." Harvard Business School Case 706-009, August 2005. (Revised March 2007.)