Monday, May 7, 2007

European shares dip as ABN AMRO, oil stocks weigh

(Reuters) - European share indexes dipped on Monday, weighed on by a decline in ABN AMRO and French oil group Total, while a holiday in the UK kept a cap on activity.

ABN AMRO fell 2.2 percent after the company rejected a $24.5 billion offer for the Dutch bank's U.S. bank LaSalle from a consortium led by Royal Bank of Scotland. Analysts had said the offer was below expectations and ABN AMRO's takeover still remained uncertain.


Read more at Reuters Africa

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