RBS-led group launches 71 bln euro ABN takeover

(Reuters) - A consortium led by Royal Bank of Scotland said on Friday it had formally launched its 71.1 billion euro bid for Dutch bank ABN AMRO as it attempts to beat rival suitor Barclays to the biggest ever bank takeover.

The consortium, which also includes Spain's Santander and Belgian-Dutch group Fortis, said the initial offer period would run from July 23 until October 5.


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UPDATE 1-RBS-led consortium gets ABN offer extension

(Reuters) - British bank Barclays, which was also granted an extension
by Dutch market regulator AFM to file its formal offer until
July 23, is seeking to buy ABN for 62.8 billion euros .




RBS and its partners -- Spain's Santander and
Belgian-Dutch Fortis -- have offered to buy Dutch rival
ABN for 71.2 billion euros.


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