Dutch court holds ABN AMRO’S U.S. bank sale

According to reports, a Dutch enterprise court has passed a ruling which says that that ABN Amro could not take its $21 billion sale of LaSalle Bank in Chicago to Bank of America Corp forward, as it needed shareholder approval.

ABN is said to be analysing the implications of the court’s decision.

The agreement permits ABN Amro to accept a higher offer for LaSalle until May 6th.