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The European Commission is holding a consultation on the application of this Directive in the various member states and on its effect on cross-border mergers and acquisitions in the financial sector
Today, ABN AMRO Group announced that it would not complete the split of a majority of its assets from Royal Bank of Scotland, NV (RBS NV), a prerequisite to the Dutch government's planned merger of ABN AMRO NV with Fortis Bank SANV, until the "1st quarter of 2010" at the earliest
