ABN deal continues

http://www.ft.com/cms/s/0/c7892efa-6bbe-11dc-863b-0000779fd2ac,dwp_uuid=e8477cc4-c820-11db-b0dc-000b5df10621.html

The Royal Bank of Scotland-led consortium nearing success in its break-up bid for ABN Amro has doubled its stake in the Dutch bank through a series of complex derivatives trades.

The consortium, which includes Fortis, the Belgo-Dutch group, and Santander of Spain, disclosed in a US regulatory filing that it had swaps and options over more than 76m ABN shares.

The exposure, which represents more than 4 per cent of ABN’s share capital, is on top of the consortium’s existing 4 per cent stake in the Dutch bank, which it acquired last month.

Very interesting, I wonder if this has any affect on the transaction, we’ll need to see until the announcement about who wins the contract is made.

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