ABN AMRO acquires Amsterdam-based neo-broker BUX to strengthen retail investment space and digital offering.

Dutch bank ABN AMRO has acquired BUX, a neo-broker based in Amsterdam, for an undisclosed amount. The deal is expected to be finalised in 2024, subject to regulatory approval, and is estimated to have a minor impact on ABN AMRO's CET1 capital ratio. The acquisition is part of ABN AMRO's strategy to strengthen its presence in the retail investment space and improve its digital offering. BUX's flagship platform, BUX Zero, offers commission-free investing in a wide range of shares and ETFs, and the company also offers BUX Crypto and BUX X products across Europe.