FINANCIAL TIMES
The Dutch government on Friday re-negotiated last weekend’s bail-out of Fortis in order to buy all of Fortis’s Dutch operations for €16.8bn, including its Dutch insurance operations and the Dutch operations of ABN Amro.
The surprise move represents a break-up of Fortis along national lines and leaves the door open for ABN Amro, broken up last year in a €71bn acquisition by a Royal Bank of Scotland-led consortium, to be revived as an independent bank.
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