Brussels, 16/09/2008 (Agence Europe) - On Tuesday 16 September, the European Commission authorised the proposed acquisition of the British bank, Alliance & Leicester, by the Spanish bank, Banco Santander. Banco Santander is already present in the United Kingdom since the acquisition of Abbey National, which received Commission clearance in 2004.
The main business areas in which the activities of the parties overlap are retail banking, corporate banking to SME, factoring, payment cards,...