Bladewatch.com

http://www.forbes.com/business/feeds/afx/2007/06/18/afx3830829.html

LONDON (Thomson Financial) – Fund manager Standard Life Investments, a leading shareholder in Royal Bank of Scotland and Barclays, has said it is backing RBS in the banks’ battle to acquire Dutch rival ABN Amro.

Speaking this morning on BBC Radio 4′s Today programme, SLI head of UK equities David Cummings said the group is supporting RBS because of its established expertise in integrating acquisition targets, and because its takeover plan would generate more cost savings than that of Barclays (nyse: BCS – news – people ).

Very interesting, RBS has experience in integration, the backing can only help with the ABN deal, it will be interesting to see though how things move forward, for the time being we’ll need to sit back and watch, see what the Dutch court says and go from there.

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