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The RBS group wants to break up the lender into three parts, so that Belgian-Dutch bank Fortis would get ABN's Dutch operations, Spanish bank Banco Santander Central Hispano SA, acquires ABN's Brazilian and Italian arms, and RBS getting Chicago-based LaSalle.
FORBES: Magazine Article
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Remaining bidders reportedly include Deutsche Bank and Spain's Banco Santander Central Hispano.
FORBES: Magazine Article
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The RBS group wants to break up the lender into three parts, so that Belgian-Dutch bank Fortis would get ABN's Dutch operations, Spanish bank Banco Santander Central Hispano SA (nyse: STD - news - people ), acquires ABN's Brazilian and Italian arms, and RBS getting Chicago-based LaSalle.
FORBES: ABN's CFO Bolts
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The New York Stock Exchange ruled that the proposed acquisition of a 19.8% stake in Sovereign Bancorp by Banco Santander Central Hispano did not need the approval of Sovereign's shareholders.
ECONOMIST: The X-factor