Consortium wins ABN Amro with 86%

The consortium led by Royal Bank of Scotland said on Monday that some 86% of shareholders in Dutch banking group ABN Amro had accepted its €71bn offer.

The consortium, which also includes Belgo-Dutch bank Fortis and Spain’s Santander, now faces the the task of breaking up ABN Amro after rival Barclays withdrew from the race on Friday.
The RBS-led team said in a statement it would say whether its offer would be declared unconditional by the end of this week, following the closure of Fortis’s €13 bn rights issue on Tuesday evening.

More on Tuesday

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