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The European Commission has approved Banco Santander's purchase of retail and commercial banking assets of Royal Bank of Scotland, including about 300 branches around the UK.
The Commission, which acts as the EU antitrust watchdog, said on Friday that the deal, which also includes about 40 business banking centres, would not raise any competition concerns.
RBS agreed the sale as part of an EU-mandated asset sale after its state bailout in 2008.
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