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  Muzi.com: Muzi (English): Gallery: Business: Business Activity: M&A: 2007 ABN AMRO Takeover:
  2007 ABN AMRO Takeover [1p.2n]
updated: 2008-08-21

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Chinese walk past a branch office of the China Development Bank in Beijing, China, Tuesday, July 24, 2007. China Development Bank (CDB), a major state-owned policy bank, has signed a purchase agreement and a cooperation memorandum with Barclays Bank to buy ABN Amro Bank, a state news agency reported Monday. Barclays said in a statement earlier that it would team up with CDB and Temasek Holdings Ltd. of Singapore to increase its offer for ABN Amro to US$93.2 billion. click to open
An ABN Amro building is pictured in central London. The mammoth European battle for ABN Amro stretched to Asia on July 23 2007, as Britain's Barclays won financial firepower from China and Singapore to strengthen its takeover bid for the Dutch bank. click to open


 
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