HALISTER: Santander Said to Near Deal to Buy Back 50% Stake in SAM Unit

Santander Said to Near Deal to Buy Back 50% Stake in SAM Unit

(Bloomberg) -- Santander is close to a deal to buy back its 50 percent stake in Santander Asset Management from Warburg Pincus and General Atlantic, people familiar with the matter said.
  • Agreement could be announced as soon as this week, one of the people says
  • Representatives for Santander and Warburg Pincus declined to comment. A representative for General Atlantic didn’t immediately return a call and e-mail seeking comment
  • NOTE: Santander agreed to sell the stake in 2013 in a deal that valued the unit at 2.05 billion euros NSN MNMS2I6S972I
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
SAN SM (Banco Santander SA)
17757Z US (General Atlantic LLC)
1297921D US (Santander Asset Management LLC)
20326Z US (Warburg Pincus LLC)

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