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Abbey National fuels further speculation

Abbey National has fuelled speculation that it may enter the takeover battle for the besieged National Westminster Bank with the appointment of two new financial advisers reports the Financial Times.


Abbey has denied it is considering a bid saying the appointment of Warburg Dillon Read and Lehman Brothers as its joint financial advisers is to provide general information and not for a specific transaction.


Speculation has increased about a possible bid because traditionally Abbey has been advised by Dresdner Kleinwort Benson and Goldman Sachs.


But Dresdner has been appointed by NatWest&#39s defence team and Goldman Sachs is advising Royal Bank of Scotland on its bid for the NatWest.

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