Thursday, September 28, 2006
Alliance & Leicester: could see fresh bid from Credit Agricole; Santander also tipped as potential bidder – market reports
Credit Agricole, the French financial services group, might again be considering a takeover bid for Alliance & Leicester, a Daily Express market report said.
Agricole earlier in the year admitted that it was considering an offer for Alliance & Leicester, its UK-listed rival. However, the French group did not proceed with an offer.
A Daily Mail market report noted talk that Banco Santander, the listed Spanish bank, is prepared to offer GBP 6bn (EUR 8.8bn) for Alliance & Leicester. Neither report attributed the claims. Alliance & Leicester shares were up 41p at 1113p, valuing the company at GBP 5.01bn (EUR 7.42bn).
Source Daily Express, Daily Mail
Agricole earlier in the year admitted that it was considering an offer for Alliance & Leicester, its UK-listed rival. However, the French group did not proceed with an offer.
A Daily Mail market report noted talk that Banco Santander, the listed Spanish bank, is prepared to offer GBP 6bn (EUR 8.8bn) for Alliance & Leicester. Neither report attributed the claims. Alliance & Leicester shares were up 41p at 1113p, valuing the company at GBP 5.01bn (EUR 7.42bn).
Source Daily Express, Daily Mail
