Friday, July 20, 2007

RBS-led group launches 71 bln euro ABN bid

(Reuters) - AMSTERDAM, July 20 - A consortium led by Royal Bank of Scotland said on Friday it had formally launched its 71.1 billion euro bid for Dutch bank ABN AMRO as it attempts to beat rival suitor Barclays to the biggest ever bank takeover.



The consortium, which also includes Spain's Santander and Belgian-Dutch group Fortis , said the initial offer period would run from July 23 until Oct. 5.


Read more at Reuters.com Mergers News

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