London, jan 31 (reuters) - britain took the rare step of stripping former royal bank of scotland chief fred goodwin of his kni. Nevertheless, the bank remains optimistic about the future: the board of rbs has full confidence that the executive team will be able to lead rbs through the current challenging conditions, deliver the transaction benefits relating to the acquisition of abn amro, and realise the substantial value in rbs's uk and international franchises. The european commission has cleared under the eu merger regulation the proposed acquisition of certain assets of the dutch banking group abn amro by belgo/dutch financial services group fortis the commission's decision is conditional upon the upfront divestiture of abn amro's dutch factoring.
Days later, a consortium consisting of santander, royal bank of scotland and fortis makes a higher cash-and-shares offer, sparking a bidding war 2007 the consortium acquires abn amro. The three-bank consortium was led by royal bank of scotland group plc rbs got abn amro's london investment banking business along with a few asian operations the acquisition also brought. Post-merger profitability: a case of royal bank of scotland (rbs) combination of two or more entities through a purchase acquisition or pooling of interests, it. Rbs claims its share of the abn amro acquisition was £10 billion, which was paid for mostly with cash (kennedy, 2009) the consortium that was made up of rbs, santander and fortis, carved up and parted with different divisions of the bank.
The royal bank of scotland (rbs) has made its first acquisition since the financial crisis, when it bid $88 billion to acquire abn amro, making it the world's largest bank by assets. Abn amro , india which will be soon rechristened as royal bank of scotland (rbs) is actively considering an acquisition in india in a bid to expand its footprint in the country meera sanyal. 2007 acquisition of abn amro bbc news / business / barclays in exclusive abn talks royal bank of scotland belgium fortis ousts chief votron after abn amro. Abn amro is a dutch bank, currently owned by rfs holdings bv, a consortium of royal bank of scotland group, the government of the netherlands, and banco santanderthe bank was created as the result of the 1990-91 merger between amsterdam-rotterdam (amro) bank and abn, whose history dated back to the founding of the nederlandsche handel-maatschappij in 1824.
Mixed fortunes for the buyers of abn amro. In 2007, rbs was part of a consortium which acquired the dutch bank abn amro soon afterwards, a crisis in global financial markets and deteriorating economic conditions across the world weakened many financial services organisations. A rival group of suitors led by royal bank of scotland has its eyes on abn amro the group, which includes spain's santander bank and dutch-belgian company fortis, was set to meet with abn amro.
On 7 march 2012 abn amro bank nv announced it had reached an agreement with the royal bank of scotland nv (rbs nv) on the acquisition of part of their merchant banking activities in the netherlands, ie mergers & acquisitions, sector advisory, equity brokerage and capital structuring. The failure of the royal bank of scotland financial services authority board report 15 abn amro acquisition: 'the wrong price, 159. Barclays to acquire abn amro for $91b abn said it would welcome a meeting with representatives from royal bank of scotland barclay's acquisition of abn amro would create one of the top.
Royal bank of scotland's (rbs) 2007 purchase of abn amro—shortly before rbs's spectacular collapse and a £46 billion bailout by the british taxpayer—seemed, even when it was being negotiated. Abn amro bank nv is a dutch bank with headquarters in amsterdamabn amro bank is the third-largest bank in the netherlands  it was re-established in its current form in 2009, following the acquisition and break-up of the original abn amro by a banking consortium consisting of royal bank of scotland group, santander group and fortis.
Acquisition of rbs's apac ecm, cf and cash equities businesses 2 april 2012 acquired abn amro ib and cash. In october 2007, rbs led consortium of fortis bank and banco santander had acquired abn amro for us$ 100 billion after winning the bidding war with barclays the deal was the largest acquisition in the global banking industry till that time. London — royal bank of scotland said wednesday that it had scrapped the planned sale of the australian and new zealand operations of abn amro, which it acquired last year, after commonwealth.