ABN AMRO takeover (2007)
A consortium of Royal Bank of Scotland, Fortis, and Santander acquired Dutch bank ABN AMRO for €71 billion, the largest banking takeover in history at the time. The consortium immediately began breaking up the bank.
The deal collapsed into disaster during the 2008 financial crisis. RBS was effectively nationalized and Fortis was broken up.
The deal became a cautionary tale about over-leveraged cross-border bank acquisitions.
Shows the risks of large cross-border European bank takeovers, especially when executed against resistance and financed with leverage.
