We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| 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 | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 4.80 | 0 | 01:00:00 |
From May 2019 to May 2024
By Christopher Bjork
MADRID--Banco Santander SA (SAN, SAN.MC) has no plans to make any acquisitions with the proceeds from its EUR7.5 billion ($8.88 billion) capital increase, Chairman Ana Botin said on Thursday.
"We're exclusively focusing on organic growth. We might look at small items in our main core markets, but this is not for acquisitions," Ms. Botin said during a conference call with investors.
Ms. Botin said Spain's largest lender will use the cash raised from the share sale to support growth in its main markets, which include the U.K, Brazil, Mexico, the U.S. and its home market.
"We see a structural growth opportunity, due partly to the change in cycle and also partly to the opportunities we have in our core markets," she said.
Santander, which hired Goldman Sachs Group Inc. and UBS AG to to oversee the capital increase, expects to complete the capital increase by early Friday. The bank is selling more than a billion new shares to institutional investors.
Write to Christopher Bjork to christopher.bjork@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Banco Santander Chart |
1 Month Banco Santander Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
