Santander stands firm on takeover bid for Abbey National
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LONDON, August 24 (New Ratings) - The Spanish banking giant, Banco Santander Central Hispano (BSD2.FSE), has expressed its commitment to its Â£8.
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Abbey National faces a high court challenge to its Â£9bn takeover by Banco Santander Central Hispano because of concerns about criminal charges faced by executives of the Spanish bank.
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The hopes of Spain's largest bank to secure Abbey National have been given a boost after the City watchdog said it saw no reason to block the deal.
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MADRID: If shareholders in Britain's Abbey National have been thinking of suitor Santander Central Hispano in cliche terms as a sleepy, tradition-loving Spanish bank, its new headquarters might make them think ...
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The takeover of Abbey has cleared a major hurdle after shareholders in Spain&#39;s largest bank voted to approve the deal. At a meeting in Spain, Santander Central Hispano (SCH) investors backed all resolutions
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Shareholders in Santander Central Hispano on Thursday approved the euro13 billion (US$16.4 billion) takeover of Abbey National of Britain.
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HBOS said it had decided against bidding for the British mortgage bank Abbey National, clearing the way for an agreed offer from Spain's Banco Santander Central Hispano (SCH).
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SANTANDER, the new owner of Abbey National, yesterday unveiled Francisco Gomez-Roldan, the Spanish bank&#39;s chief financial officer, as Abbey&#39;s chief executive as it took another step towards finalising the Â£9bn all-share acquisition.
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LONDON (Dow Jones)--Banco Santander Central Hispano SA (STD), the Spanish bank planning to buy UK lender Abbey National PLC (ANBA), Monday attacked its potential domestic
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Spanish bank Santander claimed victory for its 8.7 billion pound (&#36;15.6 billion) agreed takeover of Britain's Abbey National after its most likely rival, UK bank HBOS, pulled out of the race.
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BANKING giant HBOS yesterday said it had pulled out of a potential takeover battle for Abbey National. The announcement that it will not be bidding clears the way for Spain&#39;s Santander
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Leading Spanish bank Santander Central Hispano said that its hoped-for acquisition of British home-loan specialist Abbey National would not require asset sales, adding there was as yet no counter-offer.
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BRUSSELS  - The European Union has cleared Banco Santander Central Hispano SA's acquisition of British rival Abbey National PLC.
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Spanish bank Santander claimed victory for its 8.7 billion pound ($15.6 billion) agreed takeover of Britain&#39;s Abbey National after its most likely rival, UK bank HBOS, pulled out of the race.
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The City watchdog today played down reports that it had concerns about Abbey National suitor Banco Santander Central Hispano. The Financial Services Authority confirmed
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LONDON/MADRID  - Spanish bank Santander claimed  victory for its 8.7 billion pound ($15.6 billion) agreed  takeover of Britain's Abbey National after its most likely  rival, UK bank HBOS, pulled out of the race.
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HBOS abandoned its ambition to take over its rival Abbey National yesterday, as Spain&#39;s Banco Santander Central Hispano stepped up its efforts to convince investors to back its proposed Â£8.