INDIA’S IT giant, Infosys, said today (28) that it would acquire a 75 per cent stake in Stater N.V. for £109.64 million.
Stater N.V., a wholly owned subsidiary of ABN AMRO Bank N.V., offers mortgage administration services in the Netherlands, Belgium, and Germany.
ABN AMRO will continue to hold the remaining 25 per cent of the shareholding.
Infosys is expected to purchase the stake through its unit Infosys Consulting Pvt Ltd and the transaction is expected to complete by March 2020.
Erwin Dreuning, managing director at Stater said:“…as they are already active in mortgage administration services, Infosys offers specific expertise. With the combined forces of ABN AMRO, Infosys, and Stater ensures we have a solid basis to pursue our plans to for further development of our service offering. Furthermore, it opens up opportunities for us to grow and service other clients.”
The current management team of Stater will continue to steer the company.
NS-31 astronauts celebrate at the crew capsule after a successful flight to spaceBlue Origin
Astronaut Dr. Richard Scott during training at Launch Site OneBlue Origin
New Shepard booster separates from crew capsule during NS-29Blue Origin
Astronaut Gayle King celebrates a successful mission to spaceBlue Origin
Astronaut Jesús Calleja at apogeeBlue Origin
Astronaut Elaine Chia Hyde at apogeeBlue Origin
Astronaut Elaine Chia Hyde during training at Launch Site OneBlue Origin
New Shepard lifts off from Launch Site One Blue Origin
The New Shepard booster nears touchdown during NS-29Blue Origin
New Shepard on the launch pad prior to NS-31Blue Origin
An aerial view of the British Steel Scunthorpe site on September 13, 2024. (Photo: Getty Images)