New Delhi: British bank Barclays has moved a step closer to buying its Dutch rival ABN Amro. In what is being seen as the world’s biggest banking takeover, Barclays has fixed an all-share offer worth 64 billion euros or USD 88.1 billion for acquiring ABN Amro.
A consortium led by Royal Bank of Scotland, however, could trump the deal.
The Dutch Supreme Court has cleared the sale of ABN's US arm LaSalle Bank. The Bank of America will acquire LaSalle bank for USD 21 billion.
Although the courts decision had given a boost to Barclays acquisition dreams, the British mammoth is still keeping its eyes open given the possibilities that the Royal Bank of Scotland may come up with a fresh bid to rival the Barclays USD 87.1 billion offer.
The following are key facts on Barclays and ABN:
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