Summary
SANTANDER is set to clinch a deal to buy 318 branches from Royal Bank of Scotland within the next few weeks, but bank regulations mean completion of the deal will take 18 months at least.
The Spanish group, which has already taken over Abbey, Alliance & Leicester and the branch network of Bradford & Bingley, tabled a bid of Pounds 1.65 billion for the branches, the only offer at the final auction round.See the full content of this document
Extract
Rbs Sale Will Take Years
Final negotiations...
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