RSS feedEmilio Botin
’Abbey Alliance & Bungle Bank Plc
Why is Banco Santander looking to float 20 per cent of its UK business at a much reduced valuation of £16bn?
The answer is because it needs to, reckons Andrew Lim of Matrix:
Our own view is that Santander needs to do this deal to improve Basel III capital ratios relative to European peers.
Santander’s Brazilian job
Details of Banco Santander’s IPO of its Brazilian unit serves as a further reminder that its 74 year-old chairman Emilio Botin is a bit of a shrewdie.
While RBS and Fortis blew themselves up with their ill-timed acquisition of ABN AMRO,
Lex: Santander
Santander has done well in turning around its Brazilian bank, but is it time to cash out?
Santander’s decision to issue new shares equivalent to a 15 per cent stake in its Brazilian bank has therefore fuelled concerns that Spain’s biggest bank may secretly need more capital.One explanation is that Santander’s chairman,
Antonveneta sold to rival for €9bn
Emilio Botín, chairman of Santander, on Thursday pulled off an impressive deal by selling Banca Antonveneta, an Italian bank it had just acquired, for an instant 60 per cent profit. Monte dei Paschi di Siena,