RBS launches rival bank takeover bid

Royal Bank of Scotland squared up to Barclays today by announcing its intention to launch a rival takeover bid for Dutch bank ABN Amro.

RBS launches rival bank takeover bid
Wed, 25 Apr, 2007 - 09:03

Royal Bank of Scotland squared up to Barclays today by announcing its intention to launch a rival takeover bid for Dutch bank ABN Amro.

The Edinburgh-based group, which is the UK’s second biggest bank, said its proposal was worth 13% more than the £45bn (€66bn) takeover offer unveiled by Barclays for ABN on Monday.

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CourtsBusinessHeathrowPlace: EdinburghPlace: UKPlace: BelgiumOrganisation: RBSOrganisation: Royal Bank of ScotlandOrganisation: BarclaysOrganisation: ABN AmroOrganisation: ABNOrganisation: FortisOrganisation: SantanderOrganisation: LaSalleOrganisation: Bank of America
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