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Three more join ABN Amro battle

Fortis, Royal Bank of Scotland and Santander have confirmed an interest in making a takeover offer for Dutch bank ABN Amro.

In a statement, the banks said they had submitted a joint letter to ABN Amro expressing their interest in putting forward a proposal. ABN said on Friday it had received a letter from the three.

Last month ABN Amro and British bank Barclays revealed that they were in talks on a merger which would create the second-biggest bank in Europe and Britain after HSBC.

ABN Amro also said this morning that its first-quarter net profit rose 30.6% to €1.31 billion.

Fortis is the Dutch-Belgian bank which has formed a joint venture with An Post in Ireland.