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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 | |
|---|---|---|---|---|---|---|---|---|
| 0.08 | 1.57% | 5.17 | 6,292 | 10:51:30 |
From May 2019 to May 2024
By Noemie Bisserbe
PARIS--French insurance company CNP Assurances (CNP.FR) said Thursday it had agreed to buy a 51% stake in Santander Consumer Finance's life and non-life insurance units for about 290 million euros ($395.76 million).
The sale is part of a distribution agreement between CNP and Santander Consumer Finance, a unit of Spanish lender Banco Santander (SAN), that will cover 10 European countries including Germany, Italy and Spain, the French insurer said in a statement.
In 2013, Santander's insurance subsidiaries reported revenue of close to EUR600 million.
The EUR290 million price tag "may be adjusted upwards or downwards based on financial performance observed in the following years," it added.
Write to Noemie Bisserbe at noemie.bisserbe@wsj.com
1 Year Banco Santander Chart |
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