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Stat of the year: That ABN Amro valuation revisited

10 December 2008 Be the first to comment

Paul Penrose

Head of Research

Finextra

A variation on this stat has been doing the rounds for a few weeks now, so forgive me if you've seen it before. I picked this up from the aptly-named Doomsday Report blog.

In October last year, RBS paid $100 billion for ABN Amro (80% cash), and faced a fair amount of shareholder opposition to the valuation. If they were to use that money today, according to current market caps, they could buy the following:

Morgan Stanley: $16.3 billion
Goldman Sachs: $26.2 billion
Merrill Lynch $19.3 billion
Deutsche Bank: $17.4 billion
Barclays: $12.9 billion

And still have enough spare to change to buy the entire auto industry!

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The Finextra50 Financial Technology Index is a free-float value weighted index of the world's leading companies that provide technology-based products and services to the financial services industry. It was set at an indexed value of 100 at market close on Friday 4th May 2007. This is a community for discussing the index, its movements and wider M and A activity in the fintech world.

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