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| Name | Symbol | Market | Type |
|---|---|---|---|
| Banco Santander SA | NYSE:SAN | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.03 | -0.62% | 4.84 | 118 | 12:09:17 |
From May 2019 to May 2024
By David Roman
MADRID--Banco Santander SA (SAN.MC), Spain's largest bank by market value, has presented a non-binding offer for Novo Banco SA, Portugal's third-largest lender, Spain's state-owned news agency EFE reported Friday, citing Santander sources.
Santander already controls Santander-Totta, Portugal's fifth-largest bank. Novo Banco SA holds many of the assets salvaged from last year's collapse of Banco Espirito Santo SA (BES.LB).
Spokespeople for Santander weren't immediately available for comment.
Santander's move for Novo Banco would be the latest in a series by Spanish banks in Portugal. Caixabank SA (CABK.MC), another Spanish lender, is currently attempting to take over the 55.9% of Portuguese bank BPI that it doesn't already own, in a complex deal that faces some opposition from BPI's shareholders.
Write to David Roman at David.Roman@wsj.com.
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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