European Union clears Banco Santander acquisition 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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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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Abbey National shareholders will no longer need to fill in complex Spanish tax forms if BSCH's bid to buy the UK firm succeeds.
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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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Spanish bank Santander SAN.MC would not necessarily drop its 8 billion pound plus bid for Abbey National if another bank entered the fray and sparked a competition probe, it says.
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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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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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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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Shareholders in Spain's Banco Santander Central Hispano approve the takeover of UK bank Abbey.
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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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The European Commission clears German drug firm Bayer's 2.3bn euro acquisition of Swiss company Roche's over the counter medicines business.
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Around 3,000 jobs will be lost at Abbey National if the UK bankâs takeover by Spainâs Santander Central Hispano (SCH) goes ahead, it emerged today.
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LONDON HBOS said on Wednesday that it would not bid for Abbey National, clearing the way for Santander Central Hispano&#39;s Â£8.7 billion takeover of the No.
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The Financial Services Authority has cleared Spanish bank Santander Central Hispano's Â£9bn takeover of Abbey National.
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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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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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Banco Santander is making an attempt to seize back the initiative in its Â£8.3bn takeover of Abbey National, speeding up its bid timetable while rival bidders continue to circle the UK bank.