Infosys completes acquisition of 75% stake in ABN AMRO Bank subsidiary Stater

IT services major Infosys Friday said it has completed the acquisition of 75% shareholding in ABN AMRO Bank’s wholly-owned cNV.

In March, the country’s second largest IT services firm had said it will acquire 75 per cent stake in Stater for 127.5 million euros (about ₹989 crore). ABN AMRO continues to hold the remaining 25 per cent.

“This partnership strengthens Infosys’ position as a leading technology and business process management provider across the mortgage services value chain, improving experience and operational efficiencies…” Infosys said in a statement Friday.

It added that the deal further enhances its strategy to help clients navigate their next digital transformation journeys.