Clara Ferreira-Marques and Gilbert Kreijger
No image available
/ 25 April 2007

RBS group unveils $98bn rival ABN Amro bid plan

A trio of banks led by the Royal Bank of Scotland (RBS) has proposed a €72-billion (-billion) bid for ABN Amro, threatening to thwart an agreed takeover of the Dutch bank by Britain’s Barclays. The RBS group, which also includes Spain’s Santander and Dutch-Belgian bank Fortis, said on Wednesday it planned to offer €39 a share for ABN Amro.