Monday, July 23, 2007

Barclays lifts ABN offer with China, Singapore help

(Reuters) - British bank Barclays has raised its bid for Dutch group ABN AMRO to 67.5 billion euros, helped by some of the biggest ever overseas investments by China and Singapore.

Barclays said on Monday its new bid was 42.7 billion euros in shares and 24.8 billion euros in cash, up from its previous all-stock offer of 65 billion euros but still below a rival 71 billion euro offer from a group of European banks led by Royal Bank of Scotland.


Read more at Reuters Africa

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