Abbey deal wins Spanish approval
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Shareholders in Spain's Banco Santander Central Hispano approve the takeover of UK bank Abbey.
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Abbey National was last night poised to become part of Santander Central Hispano, Spain&#39;s largest bank, after HBOS dramatically dropped plans for a counterbid and the European Commission approved the deal.
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Santander Central Hispano's Â£8.6bn ($15.3bn) bid for UK lender Abbey will help create a single regional financial market, the European Union's Mario Monti says.
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The European Commission, executive arm of the European Union, on Wednesday cleared acquisition of Britain&#39;s sixth largest bank Abbey National by Spain&#39;s largest bank Banco Santander Central Hispano.
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Spain s Santander Central Hispano plans to raise an initial 1 billion pounds from the sale of closed-life books owned by Abbey National (LSE: ANL.L - news - msgs ) , the Sunday Times says.
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Santander aims to complete its takeover of UK mortgage lender Abbey one month sooner than originally planned.
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Santander Central Hispano&#39;s Â£8.6bn ($15.3bn) bid for UK lender Abbey will help create a single regional financial market, the European Union (EU) said.
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The chairman of Santander Central Hispano, the Spanish bank which is bidding for Abbey National, will tell unions today that a successful acquisition by his company will result in less than
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Shareholders of Spain's largest bank, Banco Santander Central (SCH), overwhelmingly approved the 8.5-billion-pound (12.3-billion-euro, 15.3-billion-dollar) takeover of British mortgage bank Abbey National.
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A 98-billion dollar (71 billion euro) bid for Dutch bank ABN Amro from a three-member consortium led by the Royal Bank of Scotland won the approval Monday of Dutch Finance Minister Wouter Bos.
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LONDON : Banco Santander Central Hispano (SCH) underlined its determination to win the battle for Abbey National by announcing plans to sell part of its stake in Royal Bank of Scotland (RBoS).
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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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Santander Central Hispano SA aims to complete its 8.3 billion pounds ($15 billion) purchase of Abbey National Plc by November, the Financial Times said, citing Juan Inciarte, Santander&#39;s director for Europe and consumer finance.
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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 Santander Central Hispano of Spain looked certain to clinch its bid for the British mortgage lender Abbey National, after HBOS, Britain&#39;s biggest home-loan company, said Wednesday it would not counterbid, and after the European Commission cleared
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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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SPAINâs Banco Santander Central Hispano is conducting a beauty parade of investment banks to sell the life businesses it will acquire as part of its Â£8 billion takeover of Abbey.