Key day for ABN Amro takeover battle

The long-running takeover battle for ABN Amro reached a critical stage today as Barclays formally launched its takeover offer and shareholders at one of its rival bidders prepared for a key vote.

The offer proposal from Barclays, which values the Dutch bank at around €67.5bn, will now be sent to ABN’s estimated 90,000 shareholders ahead of a special meeting on September 20.