Banco Santander, Spain’s largest commercial bank, in July 2004, announced the acquisition of Abbey National Bank, the fifth largest British commercial bank. This transaction was the largest cross-border acquisition in the European banking and would lead in the 10th-largest bank in the world. Explains the most important sources of value creation from international expansion and acquisitions in the commercial register banking industry. Also shows the obstacles to integration into the internal market of the euro … Read more »

Banco Santander, Spain’s largest commercial bank, in July 2004, announced the acquisition of Abbey National Bank, the fifth largest British commercial bank. This transaction was the largest cross-border acquisition in the European banking and would lead in the 10th-largest bank in the world. Explains the most important sources of value creation from international expansion and acquisitions in the commercial register banking industry. Also shows the obstacles for integration into the internal market of the European Union in a regulated service industry such as commercial banks.
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from
Pankaj Ghemawat,
Eduardo Ballarin
Jose Manuel Campa
Source: Harvard Business School
18 pages.
Publication Date: Nov 14,, 2006. Prod #: 707 485 PDF-ENG
Santander’s acquisition of Abbey Banking Across Borders HBR case solution

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