FORM
6-K
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16 of
the
Securities Exchange Act of 1934
For
October 1, 2007
Commission
File Number: 001-14624
ABN
AMRO
HOLDING N.V.
(Translation
of registrant’s name into English)
Gustav
Mahlerlaan 10
1082
PP
Amsterdam
The
Netherlands
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports
under
cover of Form 20-F or Form 40-F.
| Form 20-F X | Form 40-F |
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as
permitted
by Regulation S-T Rule 101(b)(1):
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as
permitted
by Regulation S-T Rule 101(b)(7): X
Indicate
by check mark whether the registrant by furnishing the information contained
in
this Form is also thereby furnishing the information to the Commission
pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
| Yes | No X |
If
“Yes”
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- _____
|
|
| Press Release |
Amsterdam,
1 October
2007
ABN
AMRO
completes sale of LaSalle to Bank of America
ABN
AMRO announces today that it has completed the sale of LaSalle to Bank
of
America after gaining the necessary regulatory approvals and fulfilling
other
customary closing conditions. As previously announced, Bank of America
is paying
ABN AMRO USD 21 billion in cash for LaSalle.
The
transaction consists of the sale of ABN AMRO North America Holding Company
which
principally consists of the retail and commercial banking activities of
LaSalle
Bank Corporation (“LaSalle”). ABN AMRO’s North American Global Markets and
Global Clients operations are not part of the sale.
“We
would like to thank the staff of LaSalle for their professionalism and
the
excellent results they have achieved during this process. The fact that
we are
now parting ways will lead to mixed emotions in many of us. We have a shared
history of almost 30 years and we’re proud of the cooperation and results we
have achieved. We wish everyone the very best for the future,” said
Joost Kuiper, member of the Managing Board of ABN AMRO and responsible
for the
Business Unit North America.
“I
would like to thank my colleagues across the bank who have worked so hard,
during a period of uncertainty, to ensure that this transaction was completed
on
time and as planned,” said Rijkman Groenink, Chairman of the Managing Board of
ABN AMRO.
”LaSalle
is a very
successful bank, as evidenced by the excellent valuation achieved for the
business. Its success is based on its strong client-led model and a long
history
of building strong relationships with customers, and we are immensely proud
of
its contribution to the progress of ABN AMRO. We wish LaSalle continued
success
as part of Bank of America.”
The
sale of LaSalle will result in a book gain of approximately EUR 7.3 billion,
which will be accounted for in ABN AMRO’s fourth quarter results.
UBS
Limited was the sole financial adviser on the transaction. Legal counsel
was
provided to ABN AMRO by Davis Polk & Wardwell along with Vedder, Price,
Kaufman & Kammholz, P.C. as to US law, and by Nauta Dutilh N.V. and Allen
& Overy LLP as to Dutch law.
Press
contact: +31 20 6288900
IR
contact: +31 20
6287835
IR
US
contact: +1 312 992 0818
|
Press
Relations Department
Head
Office:
Gustav Mahlerlaan 10 (HQ 9140), 1082 PP Amsterdam, tel. +31 (0)20
6288900,
fax +31 (0)20 6295486
London
Office:
250 Bishopsgate, London EC2M 4AA, tel. +44 207 6788244, fax +44
207
6788245
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The
information contained in this report is incorporated by reference into
the
registration statements on Form S-8 with Registration Nos. 333-81400, 333-84044,
333-128621, 333-128619, 333-127660 and 333-74703, and the registration
statements on Form F-3 with Registration Nos. 333-137691 and
333-104778.
Cautionary
statement regarding forward-looking statements
This
announcement
contains forward-looking statements. Forward-looking statements are statements
that are not historical facts, including statements about our beliefs and
expectations. Any statement in this announcement that expresses or implies
our
intentions, beliefs, expectations or predictions (and the assumptions underlying
them) is a forward-looking statement. These statements are based on plans,
estimates and projections, as they are currently available to the
management of ABN AMRO Holding N.V. ("ABN AMRO"). Forward-looking statements
therefore speak only as of the date they are made, and we take no obligation
to
update publicly any of them in light of new information or future
events.
Forward-looking
statements involve inherent risks and uncertainties. A number of important
factors could therefore cause actual future results to differ materially
from
those expressed or implied in any forward looking statement. Such factors
include, without limitation, the outcome of the offers for our business
by
Barclays PLC ("Barclays") and the consortium of Banco Santander Central
Hispano,
S.A., Fortis SA/NV and the Royal Bank of Scotland Group plc ("RBS" and
collectively, the "Consortium"); the completion of our proposed disposition
of
LaSalle; the conditions in the financial markets in Europe, the United
States,
Brazil and elsewhere from which we derive a substantial portion of our
trading
revenues; potential defaults of borrowers or trading counterparties; the
implementation of our restructuring including the envisaged reduction in
headcount; the reliability of our risk management policies, procedures
and
methods; the outcome of ongoing criminal investigations and other regulatory
initiatives related to compliance matters in the United States and the
nature
and severity of any sanctions imposed; and other risks referenced in our
filings
with the US Securities and Exchange Commission (the "SEC"). For more information
on these and other factors, please refer to Part I: Item 3.D "Risk Factors"
in our Annual Report on Form 20-F filed with the SEC and to any subsequent
reports furnished or filed by us with the SEC. The forward-looking statements
contained in this announcement are made as of the date hereof, and the
companies
assume no obligation to update any of the forward-looking statements contained
in this announcement.
Signatures
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has
duly caused this report to be signed on its behalf by the undersigned,
thereunto
duly authorized.
| ABN AMRO HOLDING N.V. | |||
| Date: October 1, 2007 | By: | /s/ Dies Donker | |
| Name: | Dies Donker | ||
| Title: |
Head
of Investor Relations
|
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| By: | /s/ Petri Hofste | ||
| Name: |
Petri
Hofste
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| Title: |
Group
Accounting Officer
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