Bloomberg News

Santander Wins European Union Approval to Buy RBS Bank Branches

November 30, 2011

Nov. 30 (Bloomberg) -- Banco Santander SA won European Union approval to buy U.K. bank branches from Royal Bank of Scotland Group Plc, Britain’s biggest government-owned bank.

The deal won’t harm competition, the European Commission said today in an e-mailed statement.

--Editors: Andrew Clapham, Peter Chapman

To contact the reporter on this story: Aoife White in Brussels at awhite62@bloomberg.net.

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net.


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