LaSalle sale certified by Dutch Supreme Court
The saga of the sale of LaSalle to Bank of America may have taken its final twist after a ruling from the Dutch Supreme Court that the disposal of the US distributor to Bank of America did not need shareholder approval.
The winners - besides, obviously BofA - would appear to be Barclays Capital, which was happy to see the former ABN subsidiary let go. Not such good news for the Royal Bank of Scotland, Santander and Fortis trio and their bid, which was believed to have been contingent on the retention of LaSalle by ABN.
BofA was quick to reveal its pleasure at the ruling. "We are pleased that the Supreme Court has
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