Santander Wins European Union Approval to Buy RBS Bank Branches

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

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

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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