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SAN Banco Santander SA

4.79
-0.01 (-0.21%)
Pre Market
Last Updated: 13:17:00
Delayed by 15 minutes
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
  -0.01 -0.21% 4.79 242 13:17:00

Santander Said Weighing Buyout of U.S. Auto Unit -Bloomberg

09/12/2014 9:03pm

Dow Jones News


Banco Santander (NYSE:SAN)
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Spain's Banco Santander (SAN.MC, SAN) is weighing options for its U.S. auto lender including purchase of its publicly traded shares as their value has dropped by about a quarter since an initial public offering in January, Bloomberg News reported Tuesday, citing people with knowledge of the matter.

Santander has been in discussions with several firms as it reviews options for its 60% stake in Dallas-based Santander Consumer USA Holdings, these people said.

Santander views the unit as undervalued and that it may perform better off the public markets, but no financial adviser has been appointed and no final decision made, the people said.

Full story at http://www.bloomberg.com/news/2014-12-09/santander-said-to-weigh-buyout-of-u-s-auto-unit.html

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