Rival consortium bids for ABN Amro

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

Thank you for donating to DutchNews.nl.

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation