Barclays in record takeover bid

British bank agrees to pay 67 billion euros for its Dutch rival ABN AMRO.

    The new bank created by the merger will be the second largest in Europe [Reuters]

    Outside Britain, Barclays has interests in continental Europe, Asia, the United States, the Middle East and Africa.
     
    ABN Amro has also expanded into emerging markets in Asia and has interests in Canada, Italy, Mexico and the United States. It has 4,500 branches in 53 countries.
     
    The deal is expected to be concluded in the last quarter of 2007 and the new bank would be headquartered in Amsterdam, the capital of the Netherlands.

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    Meet the deported nurse aiding asylum seekers at US-Mexico border

    Meet the deported nurse helping refugees at the border

    Francisco 'Panchito' Olachea drives a beat-up ambulance around Nogales, taking care of those trying to get to the US.

    The rise of Pakistan's 'burger' generation

    The rise of Pakistan's 'burger' generation

    How a homegrown burger joint pioneered a food revolution and decades later gave a young, politicised class its identity.

    'We will cut your throats': The anatomy of Greece's lynch mobs

    The brutality of Greece's racist lynch mobs

    With anti-migrant violence hitting a fever pitch, victims ask why Greek authorities have carried out so few arrests.