Press Release: Mergers: Commission approves proposed acquisition of Alliance & Leicester by Banco Santander

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Series Details IP/08/1325 (16.9.08)
Publication Date 16/09/2008
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The European Commission cleared under the EU Merger Regulation the proposed acquisition of the UK bank Alliance & Leicester by the Spanish bank Banco Santander. Banco Santander is already present in the UK since its acquisition of Abbey National, cleared by the Commission in 2004. After examination, the Commission concluded that the proposed operation would not significantly impede effective competition in the European Economic Area (EEA) or in a substantial part of it.

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