Join the Community

22,398

Expert opinions

44,364

Total members

385

New members (last 30 days)

159

New opinions (last 30 days)

28,824

Total comments

Join Sign in

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!

External

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

11561

Report

Channels

/retail banking /wholesale banking

Finextra50 fintech index

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.

Join group

43 opinions 6 members 05 June 2009

Comments: (0)

Paul Penrose

Head of Research

Finextra

Member since

06 Oct 2006

Location

London

More expert opinions

Marat Nevretdinov Managing Director at HDI Embedded