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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.
News For BSMX From The Last 14 Days
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July 21, 2015
10:01 EDTBSMXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ASML (ASML) upgraded to Accumulate from Neutral at SNS Securities... Anacor (ANAC) upgraded to Buy from Neutral at Goldman... Artisan Partners (APAM) upgraded to Outperform from Neutral at Credit Suisse... Canadian National (CNI) upgraded to Buy from Hold at Canaccord... General Mills (GIS) upgraded to Outperform from Sector Perform at RBC Capital... Halliburton (HAL) upgraded to Accumulate from Neutral at Global Hunter... Harte-Hanks (HHS) upgraded to Outperform from Market Perform at BMO Capital... MDC Partners (MDCA) upgraded to Overweight from Neutral at Piper Jaffray... SABMiller (SBMRY) upgraded to Buy from Neutral at Nomura... Sanmina (SANM) upgraded to Neutral from Underperform at Longbow... Santander Mexico (BSMX) upgraded to Neutral from Sell at Goldman... Sherwin-Williams (SHW) upgraded to Buy from Neutral at Northcoast... Southwestern Energy (SWN) upgraded to Buy from Neutral at Global Hunter... Verisk Analytics (VRSK) assumed with an Outperform at Keefe Bruyette.
06:31 EDTBSMXSantander Mexico upgraded to Neutral from Sell at Goldman

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