MWP advises The Royal Bank of Scotland on its EUR7bn acquisition of ABN AMRO Bank Kazakhstan
Michael Wilson & Partners, Ltd. has advised The Royal Bank of Scotland plc (RBS) in the biggest take-over in the Kazakhstani financial market, i.e. the acquisition of the EUR7bn ABN AMRO Bank Kazakhstan JSC. This was part of the EUR71.1bn consortium global bid for ABN AMRO, the largest take-over in financial services history.
The MWP team acted as Kazakhstani legal advisers together with Messrs. Linklaters as principal international legal advisers to RBS. The EUR71.1bn takeover offer was launched by a consortium consisting of RBS, Banco Santander SA and Fortis.
The consortium formally launched its offer for ABN AMRO on 23 July 2007 having made its initial approach in April 2007. The offer comprised EUR38.40 per ABN AMRO share, made up of EUR35.60 in cash and 0.296 RBS shares. The global offer included public offers in the Netherlands and the United States.
The consortium announced that, following its first closing date of 5 October 2007 (including shares already held by the consortium), it had received acceptances in respect of 86% of ABN AMRO’s share capital.
You are very welcome to contact us for more information.
The MWP team acted as Kazakhstani legal advisers together with Messrs. Linklaters as principal international legal advisers to RBS. The EUR71.1bn takeover offer was launched by a consortium consisting of RBS, Banco Santander SA and Fortis.
The consortium formally launched its offer for ABN AMRO on 23 July 2007 having made its initial approach in April 2007. The offer comprised EUR38.40 per ABN AMRO share, made up of EUR35.60 in cash and 0.296 RBS shares. The global offer included public offers in the Netherlands and the United States.
The consortium announced that, following its first closing date of 5 October 2007 (including shares already held by the consortium), it had received acceptances in respect of 86% of ABN AMRO’s share capital.
You are very welcome to contact us for more information.