ABN investors accept bid

INVESTORS representing 85% of shares in ABN AMRO have accepted a €70 billion bid for the Dutch bank from a consortium led by Royal Bank of Scotland, the Financial Times has said.

The acceptance mean the consortium, which includes Spain’s Santander and the Belgian-Dutch group Fortis, could declare its offer unconditional this week.

The consortium is expected to announce the outcome of the ABN shareholder vote this week.