Key Developments: Banco Santander SA (SAN)
7.11USD
21 May 2013
$-0.05 (-0.70%)
$7.16
$7.04
$7.11
$7.02
42,155
6,336,136
$8.86
$4.88
Latest Key Developments (Source: Significant Developments)
Banco Santander SA Buys 20% Stake In Bank Of Beijing Co Ltd's Consumer Finance Unit-Reuters
Reuters reported that Banco Santander SA has been authorized to buy a 20% of Bank Of Beijing Co Ltd's Consumer Finance Company for CNY 306 million ($49.81 million) through a capital increase, becoming the unit's second biggest shareholder. Santander Consumer Finance will take part in developing and managing the company, which has a loan book worth CNY 2 billion. Full Article
Banco Santander Brasil SA Updates on Sale of Total Stake in Subsidiary to Banco Santander SA
Banco Santander Brasil SA announced that following the announcements made on February 22, 2011 and July 14, 2011, in relation to the sale of the total shares of its wholly owned subsidiary Zurich Santander Brasil Seguros e Previdencia SA (current name Santander Seguros SA) (Zurich Santander Seguros) to Zurich Santander Insurance America SL (current name of ZS Insurance America SL), a holding company located in Spain whose 51% stake is held by Zurich Financial Services Ltd and its affiliated companies and 49% by Banco Santander SA, the Company’s controlling shareholder, the total value of the transaction was of BRL 2,744,990,429.98 resulting in a price reduction of BRL 6,567,142.00. The Company will call a general meeting to offer its shareholders the preference right for the acquisition of shares of Zurich Santander Seguros. Full Article
Deed Of Merger By Incorporation Of Banco Espanol de Credito SA Into Banco Santander SA Registered In Register of Cantabria; Banco Santander SA To Merge With Banco Banif SA
Banco Santander SA (Santander) announced that on May 3, 2013 a deed of merger by incorporation of Banco Espanol de Credito SA (Banesto) into the Company was registered in the Commercial Register of Cantabria. As a result, May 3, 2013 was the last day of trading of Banesto’s shares on the Spanish Stock Exchanges. The exchange of shares of Banesto for the shares of Santander will be made in accordance with the exchange procedure agreed before, effective on May 6, 2013. In addition, Santander announced that it is expected that a deed of merger by incorporation of Banco Banif SA into the Company will be registered in the Commercial Register of Cantabria on May 7, 2013. Full Article
Banco Santander SA Appoints Javier Marin Romano As New Chief Executive Officer
Banco Santander SA announced the appointment of Javier Marin Romano as the new Chief Executive Officer of the Company, effective on April 29, 2013. Javier Marin Romano replaces Alfredo Saenz Abad who resigned from the position. Full Article
Banco Santander SA Announces Further Details On FY 2012 Script Dividend
Banco Santander SA announced the total amount of script dividend (Dividendo Eleccion) for fiscal year 2012 ascending to EUR 6,128 million, and a value to EUR 0.60 per share. The first installment at a value of EUR 0.152 per share was distributed in August 2012, the second installment at a value of EUR 0.150 per share was distributed in November 2012, the third installment at a value of 0.152 per share was distributed in February 2013 and a complementary dividend at a value of EUR 0.150 per share will be effective in May 2013. Full Article
Spanish Stock Market Regulator Authorizes Tender Offer Of Spanish Banks, Including Banco Santander SA, To Acquire All Outstanding Shares Of Metrovacesa SA
Metrovacesa SA announced that on April 18, 2013 the Board of the Spanish stock market regulator (Comision Nacional del Mercado de Valores, CNMV) authorized the tender offer presented by Banco Bilbao Vizcaya Argentaria SA, Banco de Sabadell SA, Banco Popular Espanol SA and Banco Santander SA on January 29, 2013 to acquire all outstanding shares and delist Metrovacesa SA. The offer is aimed at 100% of the share capital of Metrovacesa SA, composed of 988,160,679 shares listed on the Stock Exchanges of Madrid, Barcelona, Bilbao and Valencia and integrated into the Automated Quotation System, excluding 944,623,842 shares, representing a 95.59% stake of Metrovacesa SA, currently owned by the banks. As a result, the deal will involve the acquisition of 43,536,837 shares of Metrovacesa SA, representing a 4.41% stake. The offer price is EUR 2.28 per share. Full Article
Banco Santander SA Announces Scrip Dividend Scheme And Share Capital Increase
Banco Santander SA announced that in connection with the flexible remuneration program, Santander Dividendo Eleccion (scrip dividend scheme). The number of free allotment rights needed to receive a new share is 34 and the number of shares to be issued is 309,961,268. It was also announced the maximum amount of the increase is EUR 154,980,634. The new shares to be issued in the increase will be ordinary shares with a face value of EUR 0.5 each, of the same class and series as those currently outstanding. The record date for the allotment of rights is April 12, 2013. Full Article
Banco Santander SA Restates FY 2012 Net Profit At EUR 2.295 Billion Due To Change In Accounting Methodology-Reuters
Reuters reported that Banco Santander SA has restated its fiscal year 2012 net profit on April 8, 2013 at EUR 2.295 billion (USD 2.99 billion), up from a previously reported EUR 2.205 billion on January 31, 2013 due to a change in its accounting methodology. The Bank said net interest income was EUR 29.923 billion compared to a previous figure of EUR 30.147 billion. Full Article
Banco Santander SA’s Shareholders Approve Merger By Incorporation Of Banco Espanol de Credito SA
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. Full Article
Banco Santander SA Sells 5.2% Stake In BANK ZACHODNI WBK SA For PLN 1.19 Billion–Dow Jones
Dow Jones reported that Banco Santander SA has sold a 5.2% stake in BANK ZACHODNI WBK SA for PLN 1.19 billion. The final price was closer to the lower end of the preliminary PLN 240-PLN 270 range per share set by shareholders when the accelerated book building process took place. Full Article
New Issue-Carrefour prices 1.0 bln euro 2019 bond
Underlying govt bond Over Mid-swaps, equivalent to 118.1
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