We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 | |
---|---|---|---|---|---|---|---|---|
0.05 | 0.99% | 5.11 | 5.17 | 5.10 | 5.15 | 2,819,876 | 23:46:02 |
By Cecilia Butini
Banco Santander SA said Wednesday that it is committing to invest up to 300 million euros ($355.9 million) in a new fund dedicated to small-medium enterprises which will be managed by its asset-management subsidiary.
The Alternative Leasing hedge fund will focus on machinery and equipment for SMEs, the Spanish bank said.
The aim of the fund--which has already been registered with the Spanish securities market commission--is to reach EUR750 million from different institutional investors, Santander said.
The investment can be for companies that are primarily based in Spain, France, Portugal, and the Benelux region.
Santander added that the fund will make about 50 investments, each averaging EUR10 million to EUR15 million and with a maximum maturity of eight years.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
November 18, 2020 07:23 ET (12:23 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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