Complex sentence: On 5 August 2011, the business of BBI was transferred to Alliance & Leicester International (ALIL), also a subsidiary of Santander, ahead of the expiry of a trademark licence on the Bradford & Bingley name and image.
Split into simpler sentences: On 5 August 2011, the business of BBI was transferred to Alliance & Leicester International (ALIL), also a subsidiary of Santander, on 5 August 2011. The transfer took place ahead of the expiry of a trademark licence on the Bradford & Bingley name and image.