Hasta La Vista Abbey

Such a deal should create the world’s tenth largest bank by market capitalisation and the fourth largest bank in Europe. However, any future strategy appears to be based on the scrapping of Abbey’s existing technology set up and the further cross selling of Abbey products. A statement released by Abbey National plc and Banco Santander says the Spanish banking group will issue one Santander share for every Abbey share, along with an additional dividend payment of 31p in cash per share, based on Thursday 22nd closing price of 578p. That said, the statement suggests the 31p dividend w...