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.
![[Post to Twitter]](http://www.bladewatch.com/wp-content/plugins/tweet-this/icons/tt-twitter.png){kind=icon}
