Bram Hage, owner of the company Partner Logistics that went bankrupt in 2012, claims more than 200 million from ABN Amro. According to the entrepreneur, the bank conspired with two other shareholders to drive Hage's company into the abyss. NRC Handelsblad reports this following court documents in the newspaper's hands.
The entrepreneur has filed a claim of 205.5 million euros. According to the owner, the bank forced the frozen food company, which stored and distributed frozen foods, into bankruptcy. They wanted, according to Hage, to get their hands on the shares that way so that the company could be sold at a profit.
Parties diametrically opposed
Partner Logistics was formerly a customer of merchant bank MeesPierson. That bank later merged into ABN Amro. According to Hage's lawyer, things went wrong from then on. The lawyer claims that the bank blocked credits and claimed loans, causing the company to run into financial problems and go bankrupt in 2012. As the loans were taken by ABN Amro, the bank became the largest shareholder of the bankrupt company. According to the lawyer, this was a premeditated plan. ABN Amro's lawyer writes in its defence that this is not true. Partner Logistics would have had nearly 400 million in debts, with an annual operating profit of only €15 million. The bank would even have suffered losses due to the company's bankruptcy.
Company is up for sale
Partner Logistics employed around 400 people and was valued at around 242 million in 2010.
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