Banco Santander S.A. Information on Santander Consumer USA Holdings Inc (1009S)
July 03 2015 - 2:35AM
UK Regulatory
TIDMBNC
RNS Number : 1009S
Banco Santander S.A.
03 July 2015
MATERIAL FACT
Grupo Santander ("Santander" or the "Group") announces that it
has reached an agreement to acquire the stake held by DDFS LLC in
Santander Consumer USA Holdings Inc ("SCUSA"), representing 9.68%
of the such company, for the sum of 928 million USD. Following this
transaction, the Group's stake in SCUSA will stand at about
68.7%.
The transaction, which is subject to regulatory approval, has an
impact of approximately -8 basis points on the Group's CET1 fully
loaded capital.
Boadilla del Monte (Madrid), July 3, 2015
This information is provided by RNS
The company news service from the London Stock Exchange
END
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