| CDB signs deal with Barclays to buy ABN AMRO |
BEIJING, July 23 (AP) -- China Development Bank has signed a purchase agreement and a cooperation memorandum with Barclays Bank to buy ABN AMRO Bank, a state news agency reported Monday.
"According to the agreement and the memorandum, the CDB is invited to take stake from Barclays and join Barclay's move to buy ABN AMRO Bank," Xinhua said.
Barclays said in a statement earlier that it would team up with China Development Bank and Temasek Holdings Ltd. of Singapore to increase its offer for ABN Amro to US$93.2 billion; £á67.5 billion).
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