2023-10-16 17:37:23
Ana Botín, the president of the Santander Bankstated last week that the entity is “always” analyzing possible bank acquisitions, thus responding to information that indicated that Banco Santander had been consulted about a possible offer to buy the British bank Metro Bank.
In an interview with Bloomberg in Marrakech, Morocco, Ana Botín responded that “We have always said that it is our obligation and responsibility to study everything, that is, additional acquisitions in all our markets.”
The president of Banco Santander also indicated that if any acquisition is carried out, the Spanish entity will be “very strict regarding financial and strategic objectives.”
Last week, Metro Bank achieved a financing package of 925 million pounds (1,070 million euros), which brings with it cuts to some bondholders, and the controlling participation of the Colombian financier Jaime Gilinski. This agreement has ended weeks of speculation about the future of the British bank.
Before this agreement was reached, the consulting firm Ernst & Young was hired to look for a buyer for Metro Bank, and Santander UK was one of the possible candidates.
Ana Botín He preferred not to make specific comments about Metro Bank and other Banco Santander plans regarding future bank purchases.
The corporate and investment banking unit of Santander Bank It has signed bankers from Credit Suisse and other competitors, especially in the United States. This unit has been especially boosted by the purchase of the Amherst Pierpoint Securities broker, main intermediary of the US Federal Reserve (Fed).
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