Bouwfonds is an international

real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...

company and one of the largest in the

Netherlands ) , anthem = ( en, "William of Nassau") , image_map = , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of the Netherlands , established_title = Before independence , established_date = Spanish Netherl ...

. The company was established in 1946, just after the

Second World War World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposi ...

, as local government property developer with the aim to help working-class people buy their own home. In 2000 it was sold to

ABN Amro ABN or abn may refer to: Companies * ABN AMRO Group, a Dutch bank group * ABN AMRO, sometimes referred to as "ABN" in shorthand, is a Dutch state-owned bank * Algemene Bank Nederland, a now-defunct Dutch bank Radio, news and television organizat ...

. According to a recent report from the Dutch daily '' De Volkskrant'' the circumstances under which the privatization took place constitute an economic scandal. As the report claims " (...) Bouwfonds staff leaked documents to ABN Amro CEO Rijkman Groenink. These included confidential details about a bid by

ING Ing, ING or ing may refer to: Art and media * '' ...ing'', a 2003 Korean film * i.n.g, a Taiwanese girl group * The Ing, a race of dark creatures in the 2004 video game '' Metroid Prime 2: Echoes'' * "Ing", the first song on The Roches' 1992 ...

, allowing ABN Amro to trump the offer."."Dirty tricks during Bouwfonds privatisation,"
op. cit. Since December 2006, Bouwfonds has been part of Rabo Real Estate Group.

References

{{reflist

External links

Official site

"Dirty tricks during Bouwfonds privatisation,"
''DutchNews.nl'' (31 March 2010)
“Property fraud costs Philips, Rabobank €250m,”
''DutchNews.nl'' (4 November 2009).
“Amsterdam in Zuidas corruption probe,”
''DutchNews.nl'' (1 April 2008).
“ABN Amro integration on track: Fortis,”
''DutchNews.nl'' (28 February 2008).
“More arrests expected in property fraud case,”
''DutchNews.nl'' (21 February 2008). Financial services companies established in 1946 Real estate companies established in 1946 Investment management companies of the Netherlands Real estate companies of the Netherlands Financial scandals

See also

References

External links