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Santander UK ring-fencing scheme gets court approval

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Santander UK ring-fencing scheme gets court approval

Santander UK Group Holdings PLC said the High Court of England and Wales has approved its ring-fencing transfer scheme.

The transfers of business under the scheme will now be carried out, which the company said it expects to take place largely in July.

Spain's Banco Santander SA is the parent company of Santander UK.