RBS-led group says gets 86 pct of ABN shares
LONDON |
LONDON (Reuters) - A Royal Bank of Scotland (RBS.L) -led trio of banks said on Monday its offer to buy ABN AMRO had been accepted by around 86 percent of the Dutch bank's shareholders, paving the way for the consortium to clinch the biggest ever banking takeover.
RBS and its partners, Spain's Santander (SAN.MC) and Belgian -Dutch group Fortis FOR.BR, have battled against British bank Barclays (BARC.L) since April to buy ABN AAH.AS, and will now split the business up.
"The minimum acceptance condition to the offer has been satisfied," the banks said in a statement. "The Banks expect to make an announcement on whether or not the offer will be declared unconditional on or before Friday 12 October 2007."
Barclays withdrew its mostly shares offer last week.
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