(Reuters) - Barclays has agreed to buy Dutch rival ABN AMRO in a deal worth about 67 billion euros ($91 billion) to create the world's fifth largest bank.

The following are key details from the proposed deal, announced in a joint statement on Monday:

PRICE

** ABN shareholders would receive 3.225 new ordinary Barclays shares for each ABN share. Including a declared dividend, that values each ABN share at 36.25 euros.

** Under the terms of the offer, Barclays shareholders will own 52 percent of the group, ABN shareholders 48 percent.

** The two parties agreed a break fee of 200 million euros "if the merger protocol is terminated as a result of material breach or withdrawal of recommendation".

MANAGEMENT

** Barclays Chief Executive John Varley and President Bob Diamond will keep their current positions at the helm of the merged group. The chairman of ABN's supervisory board, Arthur Martinez, is to become chairman, to be replaced at his retirement by Marcus Agius, Barclays' current chairman.

** The combined bank would be split into Global Retail and Commercial Banking (GRCB), led by Frits Seegers, who currently heads that business at Barclays, and Investment Banking and Investment Management (IBIM), led by Diamond.