French bank Credit Agricole has made an informal bid for the Alliance and Leicester. At the moment, it’s all just rumour and speculation since the bid was informal. The UK bank does not have to make an official announcement.
But while the French suitor licks its wounds and no doubt prepares for stage 2, the talk is the Spanish Bank, Santander, is also mooting a possible offer. If the bank from Span is successful, then it will mean the Abbey and Alliance and Leicester are both under the same roof.
It’s understood the Agricole offer valued A&L around £5.8bn
Comments
Trackbacks