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G8 MEETING OUTCOME......VENTURE PROPOSAL
- From: PHIL BRADSHAW <sft at mail dot com>
- To: cygwin at cygwin dot com
- Date: Mon, 18 Jun 2007 21:05:45 +0200
- Subject: G8 MEETING OUTCOME......VENTURE PROPOSAL
- Reply-to: philpbradshaw at yahoo dot co dot uk
This is a life opportunity for me.
Please be patient and read carefully and understand that I have access to a dormant estate which is going to be diverted to illegal charity firms, by dodgy UK financial officials in Power. (This is in line with the NEW PRIME MINISTER OF UK GORDON BROWN?S DIRECTIVE OF DECLINE OF DORMANT /UNATTENDED ESTATES TO CHARITIES, WHICH ARE STILL LINKED TO CERTAIN PERSONS IN APICAL FINANCIAL POSITIONS.
PLEASE READ THE ATTACHMENT HERE IN, FOR EXPLANATION OF THE CHARITY MANDATE.
Barclays has announced the terms of a deal with its Dutch rival ABN Amro to create the world's fifth biggest bank with 47 million customers around the globe and a stock market value of £85bn.
The combined bank will be headquartered in Amsterdam but will drop any reference to the Dutch bank's name and be known as Barclays.
More than 23,600 jobs are at risk from the 217,000 combined workforce as a result of the record-breaking deal which was announced this morning after more than a month of intensive talks and despite an attempt by a Royal Bank of Scotland-led consortium to offer a higher, break-up deal to the Dutch management team.
However, a meeting scheduled between the RBS-led consortium - which includes Santander of Spain and Fortis of Belgium - has now been postponed. It had been scheduled for 2.30pm today but the consortium is asking for more information about a deal arranged by ABN Amro to sell its US business La Salle.
By announcing a side-deal to sell LaSalle to Bank of America, ABN Amro is raising $21bn (£10.5bn) which then allows it to redistribute ?12bn to shareholders of the combined group. But, La Salle is the part of the Dutch bank that RBS is particularly keen to buy through its three bank consortium.
The consortium said yesterday that it needed to understand the terms under which this sale could be terminated. "The banks [in the consortium] are requesting this information today. Accordingly the banks do not consider it appropriate to meet with ABN Amro today," the consortium said.
Under the terms of the world biggest financial services transaction, Barclays is using 3.225 of its own shares to buy one ABN Amro share, which values each of the Dutch bank's shares at ?36.25 (£24.60) ? more than the ?34 that many City analysts had thought the British bank would be able to pay.
The deal values the Dutch bank at £45bn which combined with Barclays stock market creates an institution worth around £85bn.
If the deal goes through, Barclays would own 52% of the combined business and ABN Amro 48%.
Barclays shares were down 21.5p at 728.5p in mid-afternoon trading.
The transaction is a key plank of the ambition of the management of Barclays to make the bank a major player in the banking world. Without the deal, Barclays is the world's 15th biggest bank and Britain's third largest. If the deal is successful if will
allow Barclays to leapfrog RBS to become Britain's second biggest bank and the fifth biggest in the world.
It allows John Varley, Barclays' chief executive, to take the helm of a bank that will rival Citigroup, Bank of America and HSBC on the global stage. He will be chief executive of the enlarged group while Bob Diamond, the £22m a year American investment banker who plays a key role in the British bank, will remain as president of the combined group.
I NEED A PARTNER, WHO I CAN MAKE A BENEFACTOR IN INTERNALLY, AS I HAVE SECURED ACCESS TO DATA FOR US TO MAKE SOME WELL DESERVED FORTUNE.
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