Dutch bank sale decision deferred
Published April 29th, 2007
A Dutch court has deferred until Thursday a crucial decision on whether banking group ABN Amro, the subject of a bid battle, can sell its US business.
Dutch investor VEB is trying to block the $21bn (15.4bn euro) sale of LaSalle to Bank of America, arguing this would be illegal without investor approval.
The outcome could be key to deciding which of Barclays or Royal Bank of Scotland (RBS) succeeds in their bids.
Barclays has bid £45bn for ABN while an RBS-led consortium also intends to bid.
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