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  5. Banco Santander Acquires Abbey National

M&A Deal Summary

Banco Santander Acquires Abbey National

On July 1, 2004, Banco Santander acquired financial services company Abbey National

Acquisition Highlights
  • This is Banco Santander’s 1st transaction in the Financial Services sector.
  • This is Banco Santander’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2004-07-01
Target Abbey National
Sector Financial Services
Buyer(s) Banco Santander
Deal Type Add-on Acquisition

Target

Abbey National

London, United Kingdom
Abbey National provides treasury, corporate, and wholesale banking products and services primarily in the United Kingdom. Abbey National was established in 1944 and is based in London.

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Buyer(S) 1

Buyer

Banco Santander

Madrid, Spain
Category Company
Founded 1856
Sector Financial Services
Employees206,736
Revenue 63.8B EUR (2024)
DESCRIPTION

Banco Santander is a financial group operating principally in Spain, the UK, Portugal, and Brazil. Banco Santander is a provider of commercial and retail banking financial services. Banco Santander was founded in 1856 and is based in Madrid, Spain.

DEAL STATS #
Overall 1 of 10
Sector: Financial Services M&A 1 of 8
Type: Add-on Acquisition M&A Deals 1 of 3
Country: United Kingdom M&A 1 of 4
Year: 2004 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-23 Island Finance

San Juan, Puerto Rico

Island Finance is a consumer-finance company based in Puerto Rico that provides personal loans and real estate-secured lending to individuals via a network of branches across the island. Island Finance was formed in 1959 and is headquartered in San Juan, Puerto Rico

Buy $735M
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