UK: Former building societies announce £1.2bn merger

Former building societies Abbey and Alliance & Leicester are to be merged under a £1.26bn (€1.5bn) deal announced today.

Mon, 14 Jul, 2008 - 14:12

Former building societies Abbey and Alliance & Leicester are to be merged under a £1.26bn (€1.5bn) deal announced today.

Abbey’s parent, Spanish banking giant Santander, plans to merge the two companies into a business with 959 UK branches and a share of more than 8% of the savings and personal loans market.

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CourtsBusinessHeathrowPlace: UKPlace: EuropePerson: Roy BrownPerson: Andy KerrPerson: David CummingPerson: ChairmanPerson: Emilio BotinPerson: Alan GillespiePerson: Derek HiggsOrganisation: AbbeyOrganisation: Alliance & LeicesterOrganisation: SantanderOrganisation: A&LOrganisation: Communication Workers UnionOrganisation: CWUOrganisation: AllianceOrganisation: Standard Life Investments
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