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Spanish bank ups stake in Sovereign

Spanish banking giant Banco Santander S.A. has paid $42.9 million for another 5 million shares in Sovereign Bancorp, bringing its total ownership stake in the company to 161.6 million shares, or 24.4 percent. (SOV)

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Santander to save £180 million in A&L takeover

http://www.finextra.co.uk/fullstory.asp?id=18723 Santander to seek £65 million IT savings in A&L takeover Spain’s Banco Santander expects to save £180 million a year from cutting jobs and centralising IT systems as it merges the UK’s Abbey with newly-acquired high street rival Alliance & Leicester. Banco Santander this morning announced plans to buy British lender Alliance and Leicester in an all-share...

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Spain-based Santander agrees to purchase of UK bank Alliance & Leicester

Alliance & Leicester (A&L), a major UK bank, has agreed to a deal regarding its sale to Banco Santander, a banking company based in Spain. The deal, which is worth £1.2 billion, means that shareholders will receive one share in Santander for every three shares they hold in A&L. Santander said in a statement that “Santander [...]

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Santander Buys Into Battered Bank Sector

Banco Santander agreed to buy U.K. lender Alliance & Leicester for $2.5 billion.

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Jeremy Warner's Outlook: Spanish price for A&L is a miserable one but don't bank on rival offers

So farewell then Alan Gillespie, forced to resign as incoming chairman of Alliance & Leicester before he had even started in the job. With Banco Santander agreeing takeover terms, he will not now be taking up a posting which was announced only last week. One shouldn't speak ill of the dead, but it was perhaps just as well that his predecessor, Sir Derek Higgs, wasn't around to witness the humiliation...

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Santander to acquire A&L in e1.58bn swoop

Banco Santander, Spain's biggest bank, agreed to acquire Alliance & Leicester for £1.26bn (€1.58bn), less than half the UK mortgage lender's market value at the end of last year.

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Alliance & Leicester takeover angers unions and shareholders

Bid from Banco Santander widely expected to result in large number of job cuts and heavy losses for many investors

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Santander bids for UK mortgage lender

Spanish banking giant Banco Santander said Monday it has agreed to buy the British mortgage lender Alliance & Leicester PLC in a deal valued at $2.5 billion.

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A&L retail investors look to Abbey as Santander bids

LONDON (Reuters) --Private investors in Alliance & Leicester unnerved by the British bank's takeover by Spain's Banco Santander can take some comfort from Santander's purchase of UK lender Abbey four years ago.

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Europe Markets: Deal news spurs gains for stocks in Europe

European shares advanced on Monday after a flurry of deal news, including a bid for Britain’s Alliance & Leicester by Spain’s Banco Santander and rumored deals surrounding Continental, TNT and Kazakhmys

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Santander bids for UK mortgage lender

Spanish banking giant Banco Santander said Monday it has agreed to buy the British mortgage lender Alliance & Leicester PLC in a deal valued at $2.5 billion.

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Santander bids for UK mortgage lender

Spanish banking giant Banco Santander said Monday it has agreed to buy the British mortgage lender Alliance & Leicester PLC in a deal valued at $2.5 billion.

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Santander bids for UK mortgage lender

Spanish banking giant Banco Santander said Monday it has agreed to buy the British mortgage lender Alliance & Leicester PLC in a deal valued at $2.5 billion.

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Premium Company Profile: Banco Santander Central Hispano S.A.

Introduction With revenues of E22,615.4 million in the fiscal year 2006, Banco Santander Central Hispano (Banco Santander or 'the group') is a leading Spanish banking group. This profile offers a comprehensive review of their operations and performance. Scope of this report Contains corporate strategy, value chain presence and SWOT Analysis Provides detailed business description, segment analysis,...