Sunday, April 22, 2007

UPDATE 1-Barclays agrees to buy ABN, to sell LaSalle

(Reuters) - AMSTERDAM/LONDON, April 23 - British bank Barclays has agreed to buy Dutch rival ABN AMRO in a deal worth just over 67 billion euros , the biggest bank takeover to date, the two banks said on Monday.

The banks said they had agreed to sell ABN's Chicago-based U.S. bank LaSalle to Bank of America for $21 billion. That deal is conditional on Barclays' purchase of ABN, which is expected to complete in the fourth quarter.


Read more at Reuters.com Mergers News

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