RBS table new £48bn bid for ABN Amro

Royal Bank of Scotland today unveiled the terms of a revised £48bn (€70.9bn) offer for Dutch bank ABN Amro.

RBS table new £48bn bid for ABN Amro

Royal Bank of Scotland today unveiled the terms of a revised £48bn (€70.9bn) offer for Dutch bank ABN Amro.

RBS and its consortium partners, Spain's Santander and Belgium-based Fortis, are offering €71.1bn for ABN - the same price as an earlier bid. It is hoping to persuade ABN Amro to ditch a previous £45bn (€66.5bn) takeover agreement with rival UK bank Barclays.

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