A consortium made up of Royal Bank of Scotland, Fortis and Santander has brought out a counter bid for ABN Amro of €39 per share, ANP reports. The deal agreed between ABN Amro and Barclays on Monday put a price of €36.25 a share on the Dutch bank.

The bid values ABN Amro at €72bn, of which 70% will be paid in cash and the rest in shares in Royal Bank of Scotland, ANP says. The consortium wants access to ABN Amro’s books before making a definitive offer.
RBS also urged ABN Amro not to sell its US bank LaSalle to Bank of America. That deal was also announced on Monday.
More to follow