Key Developments: Banco Santander SA (SAN)

SAN on New York Consolidated

8.48USD
17 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Banco Santander announces death of its chairman, Emilio Botin
Wednesday, 10 Sep 2014 02:45am EDT 

Banco Santander SA:Announces that the company's chairman, Emilio Botin, has passed away.  Full Article

Banco Santander issues 1.5 bln euros in CoCo bonds-Reuters
Tuesday, 2 Sep 2014 11:35am EDT 

Banco Santander SA:Santander raised 1.5 billion euros ($2 billion) in contingent convertible CoCo bonds, which can be converted into the bank's shares and are used to reinforce capital levels-Reuters.The perpetual issue attracted about 3.75 billion euros of orders and was priced with a coupon of 6.25 percent, according to IFR, a Thomson Reuters credit news and markets analysis service.The deal is convertible into new Santander shares.These types of securities usually convert into shares or are wiped out if a bank's equity capital falls below a set level.  Full Article

Banco Santander to issue up to 2.5 bln euros in CoCo bonds-Reuters
Tuesday, 2 Sep 2014 03:27am EDT 

Banco Santander SA:Santander said it would issue up to 2.5 billion euros ($3.28 billion) in contingent convertible "CoCo" bonds, which can be converted into the bank's shares and are used to reinforce capital levels-Reuters.Lender said the issue would be targeted at professional investors, and is convertible into new Santander shares.Terms and price of the deal have not yet been set.These types of securities usually convert into shares or are wiped out if a bank's equity capital falls below a set level.  Full Article

Moody’s Investors Service upgrades Banco Santander SA covered bond ratings to A3 - Reuters
Tuesday, 29 Jul 2014 07:55am EDT 

Banco Santander SA:Moody’s Investors Service upgrades Banco Santander SA covered bond ratings to A3 - Reuters.  Full Article

Banco Santander gives further details on script dividend
Friday, 11 Jul 2014 11:49am EDT 

Banco Santander SA:Resolves to execute share capital increase and has fixed overall market value of increase (amount of alternative option) in 1,825 million euros.Increase serves as instrument for shareholder-remuneration program named Santander Dividendo Eleccion which shall be applied to the first 2014 interim dividend in July / Aug. 2014.Number of free allotment rights needed to receive new share is 49.Number of shares to be issued is 240,368,992.In view of number of shares to be issued, maximum amount of increase is 120,184,496 euros.Gross price at which Banco Santander undertakes to purchase rights is 0.152 euro per right.Those shareholders willing to receive their remuneration in cash, will be able to sell their free allotment rights to Banco Santander at fixed gross price of 0.152 euro.Cash payments to those shareholders who have so requested on Aug. 1.  Full Article

Banco Santander SA partners with CNP
Thursday, 10 Jul 2014 02:31am EDT 

Banco Santander SA:Banco Santander and CNP have reached definitive agreement by which the French insurance company will acquire 51 pct stake in three companies that service Santander's consumer finance unit (SCF) and which are based in Irelan.Under terms of agreement, SCF will distribute on an exclusive basis the whole range of products sold to SCF customers in several countries where it operates, including Germany, Spain and Nordic countries.Agreement, which is subject to trelevant regulatory authorizations, values the insurance companies, which distribute life and non-life products through SCF, at 568 mln euro.Transaction, which is expected to close before the end of the year, will generate net capital gain for Grupo Santander of 250 mln euro, which will be fully used to strengthen the balance sheet.  Full Article

Banco Santander SA agrees to acquire GE Money Bank AB, GE Capital's consumer finance business in Sweden, Denmark and Norway
Monday, 23 Jun 2014 02:33am EDT 

Banco Santander SA:Says it agrees to acquire GE Money Bank AB, GE Capital's consumer finance business in Sweden, Denmark and Norway.Under the terms of the agreement, Banco Santander's consumer finance unit will buy GE Money Bank AB, GE Capital's consumer finance business in Sweden, Norway and Denmark (GE Money Bank).Purchase price of the transaction, expected to close in the second half of 2014, amounts to about 700 mln euros.  Full Article

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.  Full Article

Banco Santander SA subsidiary Santander signs first agreement with Ocean County College
Wednesday, 11 Jun 2014 01:26pm EDT 

Banco Santander SA:Santander Bank, N.A wholly-owned, financially autonomous subsidiary of Banco Santander signs agreement with Ocean County College.Through which its Santander Universities division will provide funding to support programs for low-income Lakewood High School students.  Full Article

Banco Santander SA's Grupo Santander announces Sale of the Edificio Espana building
Thursday, 5 Jun 2014 07:04am EDT 

Banco Santander SA:Grupo Santander hereby announces that it has sold the Edificio España building, located in Madrid, to the company Renville Invest, S.L., an affiliate of Dalian Wanda Group.Says for total amount of 265 mln euros.  Full Article

BRIEF-CNP Assurances signs long-term strategic partnership with Banco Santander

* Enters into long-term strategic partnership in insurance in Europe with Banco Santander

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