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RBS consortium wins battle over ABN Amro

A consortium led by RBS is set to buy Dutch bank ABN Amro after Barclays withdrew from the bidding war last week.

Around 86 per cent of ABN Amro’s shareholders have accepted a 71bn euro($98.5bn; £49bn) offer to clinch Europe’s biggest ever banking takeover.

The RBS consortium, which also includes Dutch bank Fortis and Spain’s Santander, is now expected to break up the Dutch lender.

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