Following a week of dramatic upheaval for the fund management industry, ABN Amro is closing in on Gartmore, which Royal Bank of Scotland has put up for sale for £1bn (E1.64bn).

A NatWest source said that ABN Amro is frontrunner, while stressing that other firms remain in the bidding, including an unknown American firm.

Mike Foster

Unicredito

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ABN Amro closes in on Gartmore

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