Union polls employees about ABN takeover

16th August 2007, Comments 0 comments

16 August 2007, AMSTERDAM (dpa) - Dutch workers union De Unie announced on Thursday it has launched an internet poll for personnel of Belgian-Dutch Fortis NV bank to air their feelings about Fortis' plans to take over ABN AMRO.

16 August 2007

AMSTERDAM (dpa) - Dutch workers union De Unie announced on Thursday it has launched an internet poll for personnel of Belgian-Dutch Fortis NV bank to air their feelings about Fortis' plans to take over ABN AMRO.

Fortis NV, Royal Bank of Scotland and Banco Santander have been involved in a takeover battle for ABN AMRO for several months. Britain-based Barclays also made a bid on the biggest bank of the Netherlands.

De Unie recently warned that the planned takeover by the consortium would involve major risks because the three banks plan to divide the Dutch bank among themselves.

Last week, De Unie launched a similar poll on its website for ABN AMRO personnel. That poll runs through 24 August.

Starting Thursday and ending on 30 August, Fortis employees will have the chance to tell De Unie which takeover concept they like the best.

In related news, a spokeswoman of Fortis NV disclosed that the banking consortium now holds 4.1 per cent of ABN AMRO shares.

Tuesday and Wednesday, the consortium bought some 15 million ABN AMRO shares at the cost of EUR 510 million.

Britain-based Barclays wants to acquire ABN AMRO for 67.5 billion euros. This is 10 percent below the banking consortium's offer.

Fortis, Royal Bank of Scotland and Banco Santander have offered to pay EUR 71.1 billion for ABN AMRO, 93 percent of which would be paid in cash.

[Copyright dpa 2007]

Subject: Dutch news, Belgian news

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