April 22 (Bloomberg) -- Royal Bank of Scotland Group Plc said executives of Santander Central Hispano SA and Fortis will be present tomorrow to propose a team takeover of ABN Amro Holding NV, the largest Dutch lender.

``Suggestions that RBS is flying solo are nonsense,'' Carolyn McAdam, a spokeswoman for Edinburgh-based Royal Bank of Scotland, said in a telephone interview today. ``There has been no change'' in plans for a group bid, she said.

The London-based Sunday Times, citing no one, reported earlier today that Royal Bank would make a solo bid for ABN Amro because a group bid would be too complicated. Santander and Fortis are silent financial backers and won't be involved in the takeover negotiations, The Times said.

Royal Bank, Santander and Fortis said April 19 they will ``clarify'' their takeover intentions at tomorrow's meeting with ABN Amro. London-based Barclays Plc, which announced a preliminary agreement to buy ABN Amro on March 20, hasn't disclosed a price or other terms of what would be the world's biggest bank takeover.

The market value of ABN Amro has gained 33 percent to 69.2 billion euros ($94 billion) since Barclays, Britain's third-largest bank, first announced takeover talks.

Royal Bank of Scotland's McAdam declined to name the executives attending tomorrow's meeting. Royal Bank's chief executive officer is Fred Goodwin. His counterparts are Jean-Paul Votron at Fortis, Emilio Botin at Santander and Rijkman Groenink at ABN Amro.

Royal Bank and its bidding partners don't know whether they will have access to ABN Amro's books or whether their proposal will be forwarded to the board for more discussion, McAdam said.

`Nothing Has Changed'

Fortis, based in Brussels and the Dutch city of Utrecht, confirmed its presence at tomorrow's meeting with ABN Amro. ``Nothing has changed,'' said Fortis spokeswoman Liliane Tackaert in an interview from Brussels today. ``The three companies will have a meeting with ABN,'' she said.

Royal Bank would likely buy ABN Amro's La Salle unit in the U.S., its Asian division and its investment-banking business, said UBS AG analyst Stephen Andrews in a note on April 16.

Fortis, the biggest financial-services company in Belgium, would probably take the Dutch retail business and possibly ABN Amro's asset-management units. Santander, Spain's biggest bank and based in the Spanish city of the same name, would acquire the Brazilian and Italian divisions, Andrews said.

``Together they are able to pay more than Barclays, as they are getting the parts of the business they really want,'' said Colin Morton, an analyst at Rensburg Sheppards Plc in Leeds England, who helps manage $1.8 billion and holds Royal Bank and Barclays stock.

`Universal Bank'

Barclays bid for ABN Amro has been driven by CEO John Varley's desire to create a ``universal bank.'' It would be Europe's second- largest lender and help Barclays extend retail banking outside the U.K. to Italy, the U.S. and India and build its securities, asset- and wealth-management units.

Barclays extended ``exclusive'' negotiations with ABN Amro through April 20, they said last week. Barclays has made no statement since then about its negotiations with ABN Amro. Barclays declined to comment on the talks or the purchase price, a London- based spokesman said today.

Barclays may offer more than the Dutch bank's closing share price of 36.29 euros on April 20, the Sunday Times newspaper reported without citing anyone. Barclays and ABN Amro have ``broadly agreed'' on a price and the structure of the executive team to be led by Varley, the newspaper said today.

Barclays has identified savings and revenue benefits of more than 3.5 billion euros, higher than analysts' estimates, the Times said. Bob Diamond, head of Barclays' investment bank, has identified ``huge savings'' from integrating ABN Amro's wholesale bank, the newspaper said.

Barclay is also preparing to sell off ABN Amro's La Salle Bank in the U.S. to sweeten its offer, the Times said.

``The pressure is on Barclays,'' McAdam of Royal Bank said. ``It's been five weeks, and we still haven't seen a proposal.''

To contact the reporter on this story: Jon Menon in London at jmenon1@bloomberg.net; Ben Livesey in London blivesey@bloomberg.net

Last Updated: April 22, 2007 13:06 EDT