May 30 (Bloomberg) -- ABN Amro Holding NV, the subject of the largest banking takeover, will ``carefully'' consider the proposed 71.1 billion-euro ($95.5 billion) offer from Royal Bank of Scotland Group Plc, Santander Central Hispano SA and Fortis.

ABN Amro will study the proposed offer and examine its implications for the Dutch bank, its shareholders and all other stakeholders, the Amsterdam-based company said in an e-mailed statement today.

Royal Bank, Santander and Fortis yesterday trumped London- based Barclays Plc, which agreed to buy ABN Amro on April 23 in a deal valued at 65.5 billion euros. In response to the announcement by the three banks, the supervisory board has formed a transaction committee, ABN Amro said.

``The transaction committee will liaise with the managing board and key staff and advisers of the bank on an ongoing basis on all matters with respect to the recommended offer'' by Barclays and the offer proposed by the group Edinburgh-based Royal Bank leads, ABN Amro said.

The transaction committee is composed of Arthur Martinez, chairman of the supervisory board, Vice-Chairman Andre Olijslager and Rob van den Bergh, ABN Amro said.

ABN Amro agreed last month to be bought by Barclays and to sell its Chicago-based unit LaSalle Bank to Bank of America Corp. for $21 billion. That accord was dealt a setback when an Amsterdam court ruled the LaSalle sale would need shareholder approval. ABN Amro and Charlotte, North Carolina-based Bank of America appealed to ruling.

Royal Bank, Fortis, based in Brussels and the Dutch city of Utrecht, and Spain's Santander plan to carve up the 183-year-old ABN Amro, which has operations in 53 countries stretching from the U.S. to Brazil to Italy.

Job Cuts

The three banks plan to cut between 17,000 and 19,000 jobs, Gerwin van der Lei, a representative for Dutch trade union Vereniging De Unie said. ``These numbers went over the table last night,'' said Van der Lei, who met with representatives for the companies yesterday.

The Royal Bank-led group said yesterday fewer employees are expected to lose their jobs than with Barclays' proposal. Barclays said last month it will slash about 12,800 jobs and shift 10,800 positions to India and other lower-wage countries.

To contact the reporter on this story: Martijn van der Starre in Amsterdam vanderstarre@bloomberg.net

Last Updated: May 30, 2007 07:03 EDT