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Banco Santander SA’s Shareholders Approve Merger By Incorporation Of Banco Espanol de Credito SA


Friday, 22 Mar 2013 09:32am EDT 

Banco Santander SA (Banco Santander) announced that its shareholders, at their General Ordinary Meeting held on March 22, 2013, approved merger by incorporation of Banco Espanol de Credito SA (Banesto) into the Company. The exchange ratio of the shares of Banco Santander and Banesto, which was determined basing on the actual value of its corporate assets, will be 0.633 shares of Banco Santander at a nominal value of EUR 0.5 per share, for each share of Banesto at a nominal value of EUR 0.79 per share. 

Company Quote

8.69
-0.03 -0.34%
26 Dec 2014