Financial Times FT.com

ABN Amro takeover battle

RBS-led group has doubled ABN stake

By Peter Thal Larsen in London

Published: September 26 2007 02:36 | Last updated: September 26 2007 21:41

The Royal Bank of Scotland-led consortium nearing success in its break-up bid for ABN Amro has doubled its stake in the Dutch bank through a series of complex derivatives trades.

The consortium, which includes Fortis, the Belgo-Dutch group, and Santander of Spain, disclosed in a US regulatory filing that it had swaps and options over more than 76m ABN shares.

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