Santander sells Royal Bank shares
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Spain&#39;s Santander Central Hispano has unwound almost half its 5.5 percent stake in Royal Bank of Scotland as it seeks regulatory approval for its bid for Abbey National.
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HBOS, based in Edinburgh, said last month it was considering making an offer for Abbey after Santander, Spain s biggest lender, agreed to buy the London-based bank in Europe s biggest-ever cross- border bank ...
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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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Santander Central Hispano has won permission from the European Commission to press ahead with its agreed 8.7 billion pound takeover of Abbey National.
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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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MADRID, Spain Spain&#39;s second-largest bank says it has agreed to buy Texas-based Laredo National Bancshares for 850 (m) million dollars in cash.
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The Royal Bank of Scotland agreed Monday to buy a majority share of US broker Sempra Commodities for 1.35 billion dollars (991 million euros) as part of a joint venture with parent company Sempra Energy.
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LONDON  - Shares in Abbey National PLC, Britain's sixth-biggest bank and second-biggest mortgage lender, traded for the last time Friday ahead of the completion of its &#36;15.6 billion US acquisition by Santander Central Hispano SA, Spain's biggest bank.
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HBOS yesterday appealed to the European competition authorities to examine the relationship between Royal Bank of Scotland and Banco Santander Central Hispano, the Spanish bank which has bid Â£8bn for Abbey National.
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Shareholders in Spain's Banco Santander Central Hispano approve the takeover of UK bank Abbey.
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Shares in Dutch bank slip as Royal Bank of Scotland unveils its bid -- legalities are still a sticking point.
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AMSTERDAM/LONDON  - A consortium led by Royal Bank of Scotland has launched a 71.1 billion euro ($95.6 billion) bid for Dutch group ABN AMRO, trumping Britain's Barclays in a battle for the world's biggest bank takeover.
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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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Shareholders in Abbey National PLC voted overwhelmingly Thursday to approve the bank's nearly &#36;15 billion acquisition by Santander Central Hispano of Spain.
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LONDON (CBS.MW) -- Banks were one of the better performing sectors on the Continent Wednesday as Spain&#39;s Banco Santander increasingly looked like it will be successful in taking over Britain&#39;s Abbey National.
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Banco Santander Central Hispano, which is buying UK lender Abbey for Â£8.5bn, makes a Â£2.2bn profit in the first nine months of 2004.
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The Royal and Sun Alliance Insurance Group, a British nonlife insurer, offered 6.4 billion kroner ($1.2 billion) to buy the stock it does not already own in Codan, a nonlife insurer in Denmark. Royal and Sun bid 605 kroner apiece for the shares, a premium of 15 percent over the closing price Wednesday of 525 kroner. Royal and Sun completed the sale of operations in the United States in March to focus on British and Scandinavian businesses and on emerging markets.