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Last Updated: Monday, 14 May 2007, 07:49 GMT 08:49 UK
ABN Amro boss declines Shell job
Rijkman Groenink, chief executive of ABN Amro
Mr Groenink wants to concentrate on the offers for ABN Amro
ABN Amro's chief executive, Rijkman Groenink, has asked for his nomination to Royal Dutch Shell's supervisory board be withdrawn.

The oil company's shareholders were due to vote on the motion on Tuesday.

"The reason for his decision is that he wants to fully dedicate his attention to ABN AMRO," Shell said.

ABN Amro is currently the target of takeover bids from Barclays Bank and a consortium of Royal Bank of Scotland (RBS), Fortis and Banco Santander.

The takeover battle has stalled following a Dutch court decision that ABN could not sell its US subsidiary LaSalle to Bank of America without shareholder approval.

RBS has confirmed that it offered $24.5bn (�12.4bn) for LaSalle, but that its offer was declined in favour of Bank of America's offer, made on 6 May.

In an interview with Germany's Handelsblatt newspaper, Bank of America's chief executive Kenneth Lewis ruled out raising its agreed $21bn offer for LaSalle.


SEE ALSO
RBS bank offer 'snubbed' by ABN
07 May 07 |  Business
RBS 'mounts bid' for LaSalle bank
06 May 07 |  Business
ABN Amro sued over bank dispute
04 May 07 |  Business
Court blow to Barclays ABN deal
03 May 07 |  Business
'Legal threat' over ABN bank sale
30 Apr 07 |  Business
RBS woos ABN with �49bn bid plan
25 Apr 07 |  Business

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