ABN Amro, the Dutch bank, could make a profit of more than €700m ($843m) if it loses the battle for Italy's Banca Antonveneta to rival suitor Banca Popolare di Lodi.
Pop Lodi has offered €24.47 cash per share for Antonveneta, in which ABN Amro has built a 24.7% stake. Jean-Pierre Lambert, analyst at Keefe, Bruyette & Woods, a financial services-focused investment bank, estimates ABN Amro paid €1.3bn to build its stake in Antonveneta, worth €2bn at Pop Lodi's offer price.
