RBS accepts LaSalle sale and rejigs bid

RBS has altered the bid for ABN tabled on May 29 only in relation to the La Salle portion of the deal, and confirmed its intent to continue its interest in acquiring ABN’s global wholesale businesses and international retail businesses, taking the $16bn proceeds of the La Salle sale, $5bn of which is payable as equity.

“From a strategic perspective, whilst we would have preferred to acquire LaSalle as well, the businesses we are acquiring open up many new markets and growth opportunities, ena

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