Santander Takeover of Abbey Approved by UK&#39;s FSA
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The UK&#39;s Financial Services Authority approved Santander Central Hispano SA&#39;s 9.4 billion-pound ($17.4 billion) takeover of Abbey National Plc, paving the way for Europe&#39;s biggest cross-border bank merger.
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Santander, Spain - Shareholders of Spain&#39;s largest bank, Banco Santander Central, on Thursday approved the Â£8,5-billion takeover of British mortgage bank Abbey National.
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European Competition Commissioner Mario Monti has given the green light to the UKÂ£8.75bn takeover bid by Spain&#39;s Santander for the UK&#39;s Abbey National.
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Shareholders in Abbey National PLC voted overwhelmingly Thursday to approve the bank&#39;s acquisition by Santander Central Hispano of Spain.
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Abbey National shareholders are expected to back the takeover of the bank by Spain's Santander Central Hispano at a meeting on Thursday.
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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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STUNNED Abbey National staff will be told today that 4,500 jobs could be axed within three years if Spain - s Banco Santander emerges victorious from its bruising 8.2 billion bid battle for the UK mortgage ...
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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 aims to complete its takeover of UK mortgage lender Abbey one month sooner than originally planned.
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Santander says it aims to complete its takeover of UK mortgage lender Abbey one month sooner than originally planned.
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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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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 SA, the biggest bank in Spain and Latin America, may drop its 8.2 billion ($14.9 billion) offer to buy Abbey National Plc if rival bids lead to a long competition
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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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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 half the number of ...
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SANTANDER Central Hispano, the Spanish bank that last year bought Britain - s Abbey National, yesterday sold its last shares in Royal Bank of Scotland, its partner of 16 years.
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SPAIN&#39;S Banco Santander Central Hispano yesterday revealed plans to speed up its Â£8.4bn bid for Abbey in an apparent effort to thwart interest from other possible bidders.