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Banco Santander SA Sells EUR 300 Million in Consumer Credits to Elliott Management Corp-Dow Jones


Wednesday, 6 Mar 2013 07:31pm EST 

Dow Jones reported that Banco Santander SA (Santander) has sold EUR 300 million ($389 million) worth of bad loans to the United States investment fund Elliott Management Corp. The price paid by the fund totals EUR 12 million, which represents a 96% discount to the consumer-credit portfolio sold by Santander. 

Company Quote

10.29
0.15 +1.48%
30 Jul 2014