MADRID Spain's largest bank Banco Santander (SAN.MC) said on Tuesday it had agreed to buy HSBC's (HSBA.L) 8 percent stake in China's Bank of Shanghai and had signed a cooperation agreement.
The deal, including the cooperation agreement, was valued at about 470 million euros ($647.26 million) and should be closed in the first half of 2014, Santander said.
($1 = 0.7261 euros)
(Reporting by Sarah White; Writing by Paul Day)
UPDATE 2-Alibaba spending $1 bln to raise stake in Southeast Asia's Lazada
* The deal values Lazada at $3.15 bln (Adds Lazada CEO interview)