Last month, BSCH
made an pounds 8bn takeover offer for troubled Abbey National, but indicated that cost-cutting was likely and many commentators feared the losses may reach 4,500.
hopes to complete its acquisition by the end of the year but must first win the approval of shareholders and fight off any other potential bids.
Shares in Abbey closed up 18% at 580p on Friday following confirmation that it was involved in talks, but the BSCH
offer price represents a premium of around 40% on the 420p shares were trading at before takeover rumours boosted their price.
Romanoff, executive director, and Mitchell Arkin, director, were named exclusive subleasing agent by BSCH
sponsored two reimbursable incentives programs which employees of the Corporation are eligible to participate: (i) one related to a long term incentive plan upon reaching certain global corporate goals in 2006 and (ii) another related to the grant of 100 shares of BSCH
to all employees of BSCH
's operating entities as part of this year's celebration of BSCH
said the acquisition would be an 'excellent entry' into the UK market and pledged to drive sales from better use of Abbey's 741- strong branch network and from modernisation of the company's IT network.
said the acquisition would be an ``excellent entry'' into the UK market and pledged to drive sales from better use of Abbey's 741-strong branch network and from modernisation of the company's IT network.
hope to complete the acquisition by the end of the year but must first win the approval of shareholders and hope no other bidders emerge.
Citibank's expansion in the Mexican market significantly reduces the market share for Spanish banks BBVA and BSCH
The recently merged Banco Santander Central Hispano, known as BSCH
, has appointed Cushman & Wakefield to sublease 280,000 square-feet, with a 198,000 square-foot block at the award winning 1251 Avenue of the Americas.
6 /PRNewswire-FirstCall/ -- BSCH
Finance Limited announced today that, pursuant to the Written Resolutions of its Board of Directors dated August 22, 2005 the Company will redeem all its Series Q preference shares on October 6, 2005.
Abbey became the subject of Europe's biggest cross-border banking takeover last month, after backing an approach from BSCH
valuing it at about pounds 8bn.