Banco Santander, Spain's largest commercial bank announced in July 2004, the acquisition of Abbey National Bank, the fifth largest commercial bank of the UK. The deal was the largest cross-border acquisition in the European banking and lead in the 10 th largest bank in the world. Discussion of the main sources of value creation from international expansion and acquisitions in the commercial banking industry. In addition, highlights the barriers to integration in the single market of the European Union in the regulated services, such as commercial banks. "Hide
by Pankaj Ghemawat, Eduardo Ballarin, Jose Manuel Campa Source: Harvard Business School 18 pages. Publication Date: November 14, 2006. Prod. #: 707485-PDF-ENG