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Banco Santander Rio SA (RIO.BA)

RIO.BA on Buenos Aires Stock Exchange

2 Dec 2016
Change (% chg)

$-0.10 (-0.35%)
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Latest Key Developments (Source: Significant Developments)

Banco Santander reorganizes ownership structure in Banco Santander Rio SA
Wednesday, 9 Sep 2015 11:39am EDT 

Banco Santander Rio SA:Bancos Latinoamericanos Santander SL, Banco Santander SA and Santander Overseas Bank Inc transfer their entire stakes in the company to Ablasa Participaciones SL.After reorganization Ablasa Participaciones SL, which is directly and indirectly owned by Banco Santander SA, will reach 95.66 pct stake in Banco Santander Rio SA and own 80.71 pct voting rights in the company.Remaining stake of 3.64 pct is owned by BRS Investments SA and 0.70 pct is in the hands of minority shareholders.  Full Article

Fitch: Santander Rio's Ratings Unaffected on Agreement to Acquire Citi Argentina's Retail Business

(The following statement was released by the rating agency) NEW YORK/SANTIAGO, October 13 (Fitch) Fitch Ratings sees no impact on Argentina's Banco Santander Rio's (Santander Rio) ratings after it announced on Oct. 10, 2016 an agreement to acquire Citibank Argentina's consumer finance business. With this acquisition, Santander Rio will consolidate its position as the largest private sector bank in Argentina. The acquired operations include roughly ARS10.600 million in loans, ARS16.200 in de