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Fee covers Barclays' costs in ABN bid

Barclays said yesterday it spent about £100m on its futile attempt to buy Dutch bank ABN Amro last year, but the UK company said it was not out of pocket because the costs were easily covered by the break fee it received.

Barclays said yesterday it spent about £100m on its futile attempt to buy Dutch bank ABN Amro last year, but the UK company said it was not out of pocket because the costs were easily covered by the break fee it received.