Spains Santander eyes 43 billion in Mexico sale

first_imgBanco Santander, S.A. said in a written statement it hopes to list the shares on the Mexican and New York stock exchanges around Sept. 26.The bank claimed the offering is the largest equity transaction in Latin America this year.(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.) Top Stories Mary Coyle ice cream to reopen in central Phoenix Bottoms up! Enjoy a cold one for International Beer Day Construction begins on Chandler hospital expansion project Former Arizona Rep. Don Shooter shows health improvement MADRID (AP) – Banco Santander says it hopes to raise up to (EURO)3.4 billion ($4.3 billion) from a public offering of shares in its Mexican subsidiary.The Spanish bank announced Tuesday it is selling 24.9 percent of Grupo Financiero Santander Mexico’s share capital.It said the sale is part of a strategy of listing the bank’s most important subsidiaries within five years and boosting growth.The sale of almost 1.69 billion shares values Santander Mexico at up to (EURO)13.7 billion.center_img How men can have a healthy 2019 Sponsored Stories Top ways to honor our heroes on Veterans Day Four benefits of having a wireless security system Comments   Share   last_img

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