Competition rules could scupper Abbey deal

The Spanish bank poised to take over Britain's Abbey National will walk away if the £8.2bn (€12.1bn) deal is stalled by competition concerns, it was reported today.

The Spanish bank poised to take over Britain's Abbey National will walk away if the £8.2bn (€12.1bn) deal is stalled by competition concerns, it was reported today.

Banco Santander Central Hispano (BSCH) is understood to fear a rival bid from a UK bank, leading to a drawn-out investigation by competition authorities.

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