RBS eyes counter bid for HVB

Royal Bank of Scotland is reported to be eyeing a counter bid for HVB, the German banking group that agreed a €15.4bn ($18.9bn) takeover by Italian rival UniCredito earlier this month.

RBS is considering offering up to €1.50 per share more than UniCredito for HVB, according to Reuters, citing a weekend report in German weekly magazine Focus which referred to financial sources.

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