Banco Santander SA's UK unit IPO will not happen in 2014-Reuters


Thursday, 30 Jan 2014 04:59am EST 

Banco Santander SA:Will not launch an initial public offering for its British arm in 2014, Chief Executive Javier Marin said on an analyst call, adding that the listing is a mid-term plan-Reuters.Santander's plans to spin off and float its UK arm, as it has done for other businesses in Mexico, Brazil and the United States, has been continually delayed by regulatory changes and a difficult economic backdrop, as well as Santander's UK's own restructuring to focus more on commercial lending. 

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