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Singapore:
Britain''s Barclays is ostensibly in talks with the governments of China and Singapore
to raise 10 billion pounds ($20.6 billion) to contribute to its planned purchase
of Dutch bank ABN AMRO.
A deal could put
an end to the three-month old bidding war for ABN, and fructify the world''s biggest
bank takeover. Barclays'' existing all-share offer for ABN has been rivalled by
a higher, mostly cash bid by a consortium led by the Royal Bank of Scotland. As
per sources, if Barclays talks with China and Singapore succeed, China would get
a 7 per cent stake and Singapore would own 3 per cent via its investment holding
company, Temasek, in the new unified entity. Barclays
had earlier said that it may add cash to clinch its agreed €65 billion ($90
billion) offer for ABN.
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