Financial Times FT.com

ABN in talks with RBS on buying back arms

By Michael Steen in Amsterdam

Published: February 1 2009 23:38 | Last updated: February 1 2009 23:38

ABN Amro, the nationalised Dutch bank, has held exploratory talks with Royal Bank of Scotland on buying back some of its former businesses as the Dutch government tries to recreate a viable third large Dutch bank.

Wouter Bos, Dutch finance minister, told the Financial Times that there had been contact between RBS and ABN. But he said the idea was not to seek to recreate ABN Amro as it was before RBS led a consortium of banks in 2007 that bought it and broke it up.

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