Consent for Lloyds TSB and Abbey National to continue acquiring shares in each other.

0 Comments | M2 Presswire, March, 2001

M2 PRESSWIRE-8 March 2001-UK Government: Consent for Lloyds TSB and Abbey National to continue acquiring shares in each other (C)1994-2001 M2 COMMUNICATIONS LTD RDATE:08032001 Stephen Byers, Secretary of State for Trade and Industry, has today given consent for Lloyds TSB Group plc ("Lloyds TSB") to acquire shares in Abbey National PLC ("Abbey National"), and for Abbey National to acquire shares Lloyds TSB in the ordinary course of their routine banking activities.

Notes for Editors 1. On 23 February 2001, Stephen Byers referred the proposed merger between Lloyds TSB and Abbey National to the Competition Commission. 2. Section 75 (4A) of the Fair Trading Act 1973 makes it unlawful for any person owning or controlling an enterprise to which a...