|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||6.61 - 6.66|
|52 Week Range||4.08 - 6.99|
|PE Ratio (TTM)||13.76|
|Dividend & Yield||0.28 (4.26%)|
|1y Target Est||N/A|
Spanish bank Santander has sold control of property worth 10 billion euros ($12 billion) to U.S. investor Blackstone Group, following its rescue of Banco Popular. The biggest property sale in Spain comes amid renewed investor enthusiasm with prices gradually recovering following Spain's property and financial crash. The deal will involve the creation of a new company where Blackstone owns 51 percent and Banco Popular the remainder, buoying Santander's capital.
Blackstone Group said it has agreed to acquire a majority stake in rescued Spanish lender Banco Popular Español’s real-estate portfolio, a vote of confidence by the U.S. asset manager in Spain’s robustly ...
Banco Santander Brasil SA bought a credit-recovery firm to help boost revenue as interest rates fall, the company’s chief executive officer said.