Barclays and ABN AMRO merger talks

There looks to be some exciting times awaited in life due to some changes expected in my workplace ABN AMRO in next few days.....

A press release will reveal the present state of affairs......

Press release: Barclays and ABN AMRO outline of preliminary discussions 20-03-2007 Barclays and ABN AMRO announce outline of preliminary discussions

Further to the announcement of 19 March 2007, Barclays PLC (“Barclays”) and ABN AMRO Holding N.V. (“ABN AMRO”) confirm that they are in exclusive preliminary discussions with regard to a potential combination of the two organisations that would create value for both sets of shareholders. These talks are at an early and exploratory stage and there can be no certainty that they will lead to a transaction or the form it will take. Barclays and ABN AMRO have agreed to engage in discussions that seek to incorporate the following broad objectives: The holding company of the combined entity would be a UK incorporated company (PLC) with a primary listing on the London Stock Exchange and secondary listing on Euronext Amsterdam. The new entity would have a UK unitary Board and clear governance and management structures. The first Chairman would be nominated by ABN AMRO and the first Chief Executive Officer would be nominated by Barclays. The head office for the combined entity would be located in Amsterdam. Discussions have been initiated with the UK, Dutch and other relevant regulators as regards seeking the Dutch Central Bank (DNB) to act as lead regulator for the combined entity. The ultimate outcome of these discussions generally, and in regard to these specific objectives, will depend on the consultation with and the approvals of the multiple regulators and other stakeholders in the various jurisdictions. Further announcements will be made in due course.