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.

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.

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.

Already a subscriber? Sign in

You have reached your article limit.

Subscribe to access all of the Irish Examiner.

Annual €130 €80

Best value

Monthly €12€6 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited