Source AP ©

Royal Bank of Scotland: ABN Amro takeover unconditional

Bid for ABN Amro Holding NV is unconditional, Royal Bank of Scotland PLC-led consortium of banks said Wednesday, sealing the largest takeover in the history of the financial industry.

Payment for the 86 percent of shares that were tendered to its EUR70.4 billion (US$99.3 billion) will be settled on Oct. 17, the consortium said in a statement.

The announcement puts a formal end to the fight to buy ABN Amro, which began in March and was finally resolved after the failure of a rival bid by Barclays on Friday.

Separately, the consortium said it would extend its offer to holdout shareholders on the same terms until Oct. 31.

The RBS-led group is expected to divide up the 183-year-old ABN Amro. Fortis NV of Belgium wants the bank's Dutch operations, Banco Santander Central Hispano SA of Spain wants its Brazilian and Italian arms, and RBS wants the rest, including ABN operations in Europe, Asia and the Americas not being swallowed by the other consortium members - and taking ABN's prized investment banking arm.

The co-author of this disaster is the Dutch government, which did not find either strength or desire to save the lives of its citizens who were flying on that plane. The Dutch authorities did not demand Ukraine to comply with international aviation regulations

Blame MH17 on Russia: International investigation turns into demonic circus

The co-author of this disaster is the Dutch government, which did not find either strength or desire to save the lives of its citizens who were flying on that plane. The Dutch authorities did not demand Ukraine to comply with international aviation regulations

Blame MH17 on Russia: International investigation turns into demonic circus

On the second day of the St. Petersburg International Economic Forum, a plenary meeting was held, in which Russian President Vladimir Putin, French President Emmanuel Macron, Japanese Prime Minister Shinzo Abe, Chinese Vice President Wang Qishan and IMF head Christine Lagarde took part

World leaders unite with Russia at St. Petersburg International Economic Forum
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Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus