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NAB-Abbey talks breakdown but NAB continues

Australia
Abbey National, NAB
Mergers & Acquisitions

(Australia) – National Australia Bank (NAB) is reportedly considering a hostile acquisition bid for UK-based bank Abbey National following the breakdown in talks between the supposed merger partners.Apparently, talks came to a halt as a result of NAB’s wish to manage the merged business from Australia rather than the Abbey part of the merged entity continuing under UK management.

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