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Santander's Acquisition of Abbey: Banking Across Borders

Added on -2023-05-27

This presentation discusses Santander's acquisition of Abbey National and its international expansion in retail banking. It covers the financial benefits, cost savings, and revenue from cross-selling of monetary products to Abbey's current consumers. The presentation also highlights the terms related to the transaction and the main supervisory variations that assisted this modification towards worldwide investment.

| 20 pages
| 1389 words

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of Grupo Santander, Emilio Botín and Santander’s CEO,
along with their adjoining collaborators assembled on
th July in the year 2004, assembled at Goldman Sachs’s London
regard to declare the acquisition of Abbey National.
valued at the time of acquisition was about 12.54 billion
a premium of 17.4 percent applied during closing price last
board of directors for acquisition unanimously supported
Santander. At the early stage of start the bank would be
earning revenues from retail actions. In the recent number
the contract would also include the first main cross-boundary
European retail banking.
About Santander
In the year 1857 it was founded. It is specialized in Spanish
American trade
377 percent total shareholder yield from 1994 to 2003.
Concentrated in Spanish & Portuguese -communication
nations Spain, Mexico, Brazil, Chile and Portugal.
Spain: upsurge in market share. Spain recognitions to hostile
plans and acquisitions in year 1989.
Latin America: development through acquisitions and planned
associations that is Bank of America.

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