Saturday, April 14, 2007

RBS-led consortium eyes break-up bid for ABN

(Reuters) - A consortium of Royal Bank of Scotland Plc, Belgian-Dutch group Fortis and Spain's Santander invited Dutch bank ABN AMRO to start takeover talks, the banks said on Friday, challenging current suitor Barclays.

ABN, facing investor calls to consider a sale or break-up, has been in exclusive talks with Britain's Barclays Plc since last month to strike the biggest-ever bank takeover, but a 30-day exclusivity period expires next week.


Read more at Reuters Africa

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