SYDNEY, July 11 (Reuters) - National Australia Bank Ltd (NAB), the nation's top lender, said on Friday it was in talks to buy ABN AMRO's operations in Australia and New Zealand which was being sold following ABN's acquisition by a banking consortium including Royal Bank of Scotland .
There can be no certainty that a transaction will result. Any potential transaction would be subject to due diligence and, ultimately, the receipt of relevant regulatory approvals,' NAB said in a statement.
ABN AMRO's Australia and NZ units comprise wholesale corporate and investment banking operations and two retail distribution joint ventures, ABN AMRO Morgans in Australia and ABN AMRO Craigs in New Zealand.
ABN AMRO Holdings earned a net profit of A$131.4 million in fiscal 2007, The Australian Financial Review said in a report last week. The report also mentioned Commonwealth Bank of Australia Ltd and Japan's Nomura Holdings as two other bidders for ABN AMRO Holdings.
RBS along with Spain's Santander and Belgian-Dutch Fortis bought ABN AMRO for about $99.4 billion last year.
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$35.75 |
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Mkt cap ! $109.7B | |||
| Open | High | Low | Value | Volume |
| $35.83 | $35.83 | $35.64 | $33.28M | 931.0K |
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| No. | Vol. | Price($) |
|---|---|---|
| 30 | 4120 | $35.74 |
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| Price($) | Vol. | No. |
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| $35.76 | 3419 | 14 |
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