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Banco Santander SA Plans Initial Public Offering Of Its American Car-Financing Unit-DJ


Wednesday, 21 Nov 2012 01:16pm EST 

Dow Jones reported that Banco Santander SA is planning an initial public offering of its American car-financing unit. The unit, based in Forth Worth, Texas, offers loans through more than 13,000 car dealers across the United States and has a loan portfolio of approximately USD 18 billion. The Company will seek a valuation of as much as USD 6 billion in the listing. Preparations for the listing are still in an early stage. 

Company Quote

9.975
-0.315 -3.06%
31 Jul 2014