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Provider: Pechala's Reports

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Banco Santander SA Initiates Process To List Its Subsidiary In United States-Reuters

Friday, 5 Jul 2013 03:27am EDT 

Reuters reported that Banco Santander SA’s subsidiary, Santander Consumer USA, has requested the authorization from the Securities and Exchange Commission (SEC) for admission to trading of its shares and a public offering of the same. The press release indicated that the start of the approval process does not mean that there is a final decision on the listing or public offering, adding that neither the date for these processes nor the number of shares to be offered have been determined. 

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