1st Sep 2006 12:32
Banco Santander Central Hispano SA01 September 2006 Press release_______________________________________________________________________________ Friday 1st September 2006 Abbey completes the sale of its life businesses to Resolution plc Abbey National plc ("Abbey") today confirms that it has completed the sale ofits life businesses to Resolution plc. Resolution has acquired Scottish Provident Limited, Scottish Mutual Assuranceplc, Scottish Provident International Life Assurance Limited, Scottish MutualInternational plc and Abbey National Life plc. Abbey retains all of its branch-based investment and asset management business,James Hay, its market-leading self-invested personal pension company, and itsWrap business. Antonio Horta-Osorio, Chief Executive of Abbey, said: "This is an excellenttransaction for Abbey. It has provided us with a clean exit from ownership ofthe life businesses and we are now focusing on delivering our ambitious plans tosignificantly grow our share of the UK investment and pensions market, throughboth the retail and intermediary channels." This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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