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Europe Daily Bulletin No. 9483

21 August 2007
GENERAL NEWS / (eu) eu/competition
Commission approves proposed acquisition of ABN AMRO by Barclays

Brussels, 20/08/2007 (Agence Europe) - On 6 August the European Commission approved the proposed acquisition of the Dutch banking group ABN AMRO by the British bank Barclays. If the bid proposed by a consortium formed by the Spanish bank Santander, the Belgo-Dutch banking-insurance company Fortis and the Royal Bank of Scotland (RBS) gets the green light, ABN AMRO shareholders will have to choose between Barclays' offer and the one proposed by the consortium. The latter, headed by RBS, put an...