Deal or Case news
22.12.2025

NautaDutilh advised ABN AMRO on the sale of its fully owned subsidiary Alfam, ABN AMRO’s personal loan business, to Rabobank. Following the transaction, ABN AMRO will continue to offer consumer credit and personal loans to its clients through a third-party arrangement with Rabobank.

By merging Alfam and Freo, a robust, efficient, and future-proof credit provider is created. Customers can access services through various channels: via an intermediary at Defam, directly online at Freo, or through ABN AMRO and Rabobank. This way, all customers can continue to rely on excellent service and responsible lending.

This transaction supports ABN AMRO’s strategic focus on simplifying its organisation to further improve operational performance. Working closely with the ABN AMRO team was a real pleasure, and we look forward to supporting them to a successful closing
Jacqueline Clement

The transaction is expected to close in Q3 2026, subject to regulatory approvals and works council consultation.

The NautaDutilh team advising ABN AMRO was led by Lieke van der Velden and Jacqueline Clement, with invaluable support from Dineth de Graaf, Jafar Alhashime, Auke Knigge, Larissa Silverentand, Roderick Watson, David den Blaauwen, Liza Gerritsen, Marijke Kuilman, Pedro Bruzzi Bezerra Paraguay, Daniel Kuiper, Naud van Doorn, Pieter de Jong, Jasmijn van Koetsveld, Jurriaan Bos, Mees Veeger, Cyril Christiaans, Allart Haasjes, Bart Wijnstekers, Jules van de Winckel, Ruben Martens.

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