Abbey Parent Snaps Up Alliance and Leicester
Published / Last Updated on 13/07/2008
Abbey Parent Snaps Up Alliance & LeicesterAbbey's Spanish parent owner Santander has today confirmed that it has reached an agreement to by Alliance & Leicester for £1.269bn.
The acquisition is expected to not take place until October and will see Banco Santander hugely increasing its share of the mortgage and banking market in the UK.
Our ViewFinancial shares are easy pickings at the moment given liqiudity uncertainty and we suggest this is a great acquisition t a good time for Santander.
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