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Santander ‘could afford £10bn’ for Abbey

Citigroup Smith Barney analysts say Banco Santander Central Hispano could afford to pay £10bn for Abbey National if HBOS enters the fray.

Abbey expects HBOS to launch a bid next week.

References: The Times (Compact) 09/09/4 page 46, page 48 (Global Business Briefing)

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