Abbey set to back Spanish takeover

Abbey National shareholders are set to mark the end of an era when they give their backing to a takeover by Spain’s largest bank today.

Abbey set to back Spanish takeover
Thu, 14 Oct, 2004 - 08:15

Abbey National shareholders are set to mark the end of an era when they give their backing to a takeover by Spain’s largest bank today.

Investors are expected to allow Santander Central Hispano (SCH) to take control in a deal worth more than £8.5bn (€12.35bn) when they gather to vote.

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CourtsBusinessHeathrowPlace: SpainPlace: north LondonPlace: UKOrganisation: AbbeyOrganisation: Abbey NationalOrganisation: Santander Central HispanoOrganisation: SCHOrganisation: CityOrganisation: UK Financial Services AuthorityOrganisation: FSAOrganisation: Bank of ScotlandOrganisation: HBOSOrganisation: European CommissionOrganisation: Banco Santander
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