April 26, 2012 / 11:51 AM / 5 years ago

Santander says plans IPO of Mexican unit this year

MADRID, April 26 (Reuters) - Spanish bank Santander plans an initial public offering of a portion of its Mexican unit this year, Chief Executive Alfredo Saenz said on Thursday.

“We are already talking to investment banks,” Saenz said.

Santander was sticking to its forecast for a 15 percent profit rise for Brazil for 2012, Saenz said.

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