EiTB24: Barclays to buy Netherlands' ABN for euro67 billion
For the complete report from EiTB2 click on this linkBarclays to buy Netherlands' ABN for euro67 billion
Barclays PLC said Monday it agreed to buy the Netherlands' ABN Amro Holding NV for euro67 billion ($91.16 billion) in the largest ever takeover in banking history.
The merger will create a bank headquartered in Amsterdam with 47 mln customers worldwide. The combined entity expects to save euro3.5 billion annually by 2010. 12,800 jobs will be trimmed from a work force of 217,000.
Labels: Banking, Council of Europe, The Netherlands
