Abbey 'to back £8bn bid from Spanish bank'

The board of Abbey National was today expected to back an £8bn (€12bn)-plus takeover bid for the group from a Spanish bank.

Abbey 'to back £8bn bid from Spanish bank'
Mon, 26 Jul, 2004 - 08:15

The board of Abbey National was today expected to back an £8bn (€12bn)-plus takeover bid for the group from a Spanish bank.

The group is expected to issue a stock market announcement shortly setting out details of the offer from Banco Santander Central Hispano (BSCH) and recommending it to shareholders.

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