Infosys to buy 75% stake in ABN AMRO’s Stater for €127 million

Mumbai: India’s second largest IT services firm Infosys on Thursday said it will acquire 75% stake in ABN AMRO Bank’s wholly owned subsidiary, Stater, for €127.5 million (about ₹989 crore). Both the companies have signed an agreement to this effect.

Founded in 1997, Stater provides end-to-end mortgage administration services in the Netherlands, Belgium and Germany.

As part of the deal, Infosys will acquire 75% of the shareholding in Stater, while ABN AMRO will continue to hold the remaining 25%, Infosys said in a statement.