Monday, April 16, 2007

ABN AMRO confirms receipt of joint letter from three parties, but also

See the ABN AMRO press release. There is a new bid around on ABN AMRO, this time from RBOS, Fortis and Banco Santander. But ABN AMRO is not likely to go for that trio, given that those companies wish to pay in their own shares (which, as we all know is a bit like printing your own money). So ABN AMRO is not interested and published its results ten days earlier, leading the AEX index to reach staggering heights today.

This is an interesting consolidation phase that we are now experiencing. Spring 2007 will not only make the history books for its wheather heath records but also for the start of the real transformation of domestic to EU-banking. Interesting and historic times these are indeed.