Barclays will obtain approval from the Dutch Finance Ministry to buy Dutch rival ABN AMRO, Reuters reports.
The Dutch Finance Ministry has to give a so-called declaration of no-objection to approve the takeover of ABN AMRO and is expected to announce its approval on Monday, sources said.
Barclays is offering about 63 billion euros ($86.3 billion) for the Netherlands’ biggest bank, while Royal Bank of Scotland , together with Belgian-Dutch Fortis and Spain’s Santander, has made a mostly-cash 71 billion euros bid for ABN.