HBOS drops plans for Abbey counterbid

Author (Person)
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Series Details 16.9.04
Publication Date 16/09/2004
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The UK bank Abbey National is poised to become part of Spain's largest bank, Santander Central Hispano. The European Commission has cleared the deal and HBOS has abandoned plans for a counter-bid. If the merger goes ahead it will be the biggest European cross-border banking deal, and may lead to further transactions. It will have been completed in only three months.

Related Links
European Commission: Press Release: IP/04/1105 http://europa.eu/rapid/pressReleasesAction.do?reference=IP/04/1105&format=HTML&aged=0&language=EN&guiLanguage=en

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