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Spain-based Santander agrees to purchase of UK bank Alliance & Leicester
By NewsWax
Alliance & Leicester (A&L), a major UK bank, has agreed to a deal regarding its sale to Banco Santander, a banking company based in Spain. The deal, which is worth £1.2 billion, means that shareholders will receive one share in Santander for every three shares they hold in A&L. Santander said in a statement that... »
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