Company court to rule on LaSalle sale

The Amsterdam company court will look tomorrow at ABN Amro’s proposed sale of US bank LaSalle to Bank of America. The shareholders lobby group VEB has taken the case to court, arguing it should have been put to shareholders.

LaSalle plays a crucial role in the ongoing takeover battle for ABN Amro, which on Monday agreed to merge with Barclays. The sale of LaSalle was also announced on Monday.
But a consortium of three banks led by Royal Bank of Scotland wants to take over the entire ABN Amro group, including LaSalle, and is planning to mount a hostile takeover.

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