Monday, May 21, 2007

ABN AMRO now considers selling Banco Real itself

The Financieele Dagblad reports this morning that ABN AMRO is now considering to sell Banco Real itself. Which sort of evens out the real differences between the Barclays bid (ABN AMRO sells LaSalle en Banco Real itself) and the RBS Consortium bid (three banks buying ABN AMRO and selling of/dividing the franchises later among themselves).

Actually one could argue that if RBS succeeds in neutralizing the Bank of America legal threats, the RBS-consortium bid is superior due to its lower legal risk involved.