Case Study
Transaction Overview
• Acquisition of ABN AMRO by a Consortium comprising of
RBS, Santander and Fortis declared unconditional on the 10th October 2007
Overview
Split of ABN AMRO Businesses
• Consortium consisting of RBS, Santander and Fortis on the
25th April 2007 made an initial competing offer to the just declared Barclays offer to acquire ABN AMRO
Fortis
• BU Netherlands, BU Private Clients, BU Asset Management
RBS
• BU North America, BU Global Clients and wholesale clients in the Netherlands and LatAm (excl. Brazil)
Santander
– In which ABN AMRO shareholders would receive €30.40 in cash plus 0.844x ordinary shares in RBS for each existing ABN AMRO …show more content…
mortgage lending, consumer finance, mutual funds)
– Good platform from which to grow organically • Interbank and DMC (consumer finance in the Netherlands)
– Full integration into Santander Consumer
Finance, which is already present in 14
European countries including the
Netherlands
– Creates market leader with more than 10 million customers
– #1 in Benelux retail and commercial banking – Capitalising, as owner of the trademarks, on both ABN AMRO’s and Fortis’ brand in the Netherlands
• Extension of international wealth management growth engine
– 3rd largest European private bank
– A dedicated, broad and differentiated offering • Expansion of asset management growth platform – Top tier asset manager with more than
€300 Bn AUM
– Larger geographic footprint and enhanced offering to third-party distributors
5
Initial Brokers’