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Stock Market & Financial Investment News

News Breaks
June 19, 2014
09:32 EDTBSMXBanco Santander partners with Warburg Pincus in custody business
Santander Mexico's parent company, Banco Santander, has entered into a definitive agreement with FINESP Holdings II B.V, an affiliate of Warburg Pincus to create a company in the custody business. The group, which will also include Temasek, a Singapore based investment company, will acquire a 50% stake in Santander's current custody operations in Spain, Mexico and Brazil. The remaining 50% will be owned by Santander. The transaction is expected to close in Q4. The transaction values Santander's custody operations in these countries at EUR975M and will generate a net capital gain for the Santander Group of approximately EUR 410M, which will be used to strengthen the balance sheet.
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September 10, 2014
10:36 EDTBSMXSantander Mexico announces the passing of Chairman Emilio Botin
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