Sunday, May 20, 2007

Barclays to publish details of bid (including Brazilian spin off)

The Financieele Dagblad informs us that Barclays is going to publish the details of its bid next week in an effort to regain the initiative in the bidding for ABN AMRO. It will be interesting to see if indeed (as Volkskrant reports) Barclays will also split off the Brazilian part of the bank.

So indeed there is little difference between the bids of the RBS-consortium and Barclays. The only main difference is that with the Barclays bid, ABN AMRO itself already sold LaSalle but not the Brazilian part, while with the RBS-consortiums bid, the consortium would itself divide the bits/pieces of ABN AMRO.