RBS led consortium will make ABM Amro bid mid-July

The consortium group led by Royal Bank of Scotland looking to beat Barclay’s bid for Dutch bank ABN AMRO has revealed it will make its £71bn offer in mid-July.

The consortium, made up of Fortis, RBS and Santander, says it is making good progress on regulatory change of control and anti-trust filings.

The Banks expect to file all the draft documentation relating to the proposed offer by early next week, and expect to issue the offer documents by mid-July 2007.

The offer to ABN AMRO shareholders is expected to commence at this point.