Bank of Scotland-led consortium and takeover target
AMRO has revealed the carve-up of the merged entity in what has been
described as the biggest-ever deal in the financial-services industry at euro72
billion (?35 billion).
In the proposed split of ABN between the consortium members, RBS takes its
wholesale business and Asian operations; Spain’s Santander gets its Italian and
Brazilian units; and Fortis, a Belgian-Dutch group, its Dutch retail-banking
The RBN-consortium made an unconditional offer for ABN AMRO after Barclays
withdrew its offer last week. Settlement of the RBS-consortium offers will take
place on 17 October.
Barclays’ offer for ABN AMRO was conditional on obtaining at least 80% of the
issued ordinary share capital of ABN AMRO by the closing date of 4 October,
which it failed to fulfill.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars