Santander gets green light for Abbey deal

8th November 2004, Comments 0 comments

8 November 2004, MADRID- The Bank of Spain has approved Banco Santander Central Hispano's planned EUR 1.5 billion capital hike for the acquisition of the British bank Abbey National.

8 November 2004

MADRID- The Bank of Spain has approved Banco Santander Central Hispano's planned EUR 1.5 billion capital hike for the acquisition of the British bank Abbey National.

Britain's Financial Services Authority said last week that it had approved the Spanish bank taking control of Abbey.

The EUR 12.2 billion (GBP 8.5bn/USD 15.8bn) deal was unanimously approved by SCH's shareholders last month.

[Copyright EFE with Expatica]

Subject: Spanish news

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