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.

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