Details of Abbey takeover deal still under wraps

Abbey National today said it had reached agreement with Banco Santander Central Hispano (BSCH) on the terms of a takeover by the Spanish bank.

Details of Abbey takeover deal still under wraps
Mon, 26 Jul, 2004 - 10:16

Abbey National today said it had reached agreement with Banco Santander Central Hispano (BSCH) on the terms of a takeover by the Spanish bank.

However, the UK bank did not reveal the financial details of the cash and shares deal, which is expected to be worth in the region of £8.5bn (€12.85bn).

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