SCH still expects to close Abbey takeover by year end
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The Spanish bank Santander Central Hispano said it still expects to complete its acquisition of British home-loan specialist Abbey National by the end of this year.
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The European Commission is taking all the time it needs to rule on Banco Santander Central Hispano's bid for Abbey National, competition spokeswoman Amelia Torres said.
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The European Commission is not expected to make any decision on Santander Central Hispano&#39;s bid for Abbey National until the end of next week.
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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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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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Banco Santander will today tell Abbey National&#39;s union that about 2,500 jobs will go if the Spanish bank is successful in its takeover bid.
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The London Stock Exchange is planning to have a takeover deal in place by the end of January, reports say.
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The European Union on Wednesday cleared Banco Santander Central Hispano SA&#39;s acquisition of British rival Abbey National PLC. The takeover raised no competition concerns since the banks operate in different markets, the EU Commission said.
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LONDON (CBS.MW) -- UK bank Abbey National (UK:ANL) said uncertainty and distraction caused by its takeover process by Spanish bank Banco Santander (STD) affected its third quarter results, but a &quot;speedy conclusion to the transaction has avoided a marked
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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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Abbey National's long-suffering shareholders meet today to lay the bank to rest by approving a 9 billion pound takeover by Spain's Santander Central Hispano.
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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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Spanish bank Santander Central Hispano says the referral of any competing offer for Abbey National to regulators need not mean Santander would pull out of the fray.
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The takeover of Abbey National cleared a major hurdle today after shareholders in Spanish bank Santander Central Hispano (SCH) voted to approve the deal.
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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 said Monday it expects to cut about 3,000 jobs at Abbey National as part of a cost-saving plan if its friendly takeover bid succeeds.
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Manchester United chief executive David Gill said Friday he remains hopeful that their 30 million pound move for Carlos Tevez will be wrapped up before the transfer window closes on August 31.