HBOS scraps Abbey National bid plans

Halifax-to-Bank of Scotland group HBOS today said it had pulled out of a potential takeover battle for Abbey National.

HBOS scraps Abbey National bid plans
Wed, 15 Sep, 2004 - 09:15

Halifax-to-Bank of Scotland group HBOS today said it had pulled out of a potential takeover battle for Abbey National.

The announcement that it will not be bidding clears the way for Spain’s Santander Central Hispano after it agreed a deal with Abbey in July.

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CourtsBusinessHeathrowPlace: HalifaxPlace: Bank of ScotlandPlace: ofPlace: SpainPlace: UKOrganisation: HBOSOrganisation: Abbey NationalOrganisation: Santander Central HispanoOrganisation: AbbeyOrganisation: Santander
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