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Banco Santander SA enters into agreement with FINESP Holdings II B.V


Thursday, 19 Jun 2014 04:45am EDT 

Banco Santander SA:Enters into definitive agreement with FINESP Holdings II B.V., an affiliate of Warburg Pincus to create custody business.Under terms of agreement, group which will also include Temasek, a Singapore based investment company, will acquire 50 pct stake in Santander's current custody operations in Spain, Mexico and Brazil.Remaining 50 pct will be owned by Santander.Transaction is expected to close in fourth quarter of 2014. 

Company Quote

10.0
-0.04 -0.40%
23 Jul 2014