ABN Amro denies Banco Real sale reports

ABN Amro and Barclays are not working together on a plan to sell the Dutch bank’s Banco Real operations in Brazil, Barclays CEO John Varley said on Monday. Varley was responding to a report in the Financieele Dagblad which said the Brazilian sale would be part of the takeover package.

‘Barclays has not engaged in or is pursuing discussions relating to major asset sales in connection with its recommended merger with ABN Amro,’ Varley told Reuters.
Barclays wants to take over ABN Amro in a €64bn deal, but a rival consortium, led by Royal Bank of Scotland is poised to make a higher counter bid.

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