Spain's Banco Santander (SAN.MC, SAN) is weighing options for
its U.S. auto lender including purchase of its publicly traded
shares as their value has dropped by about a quarter since an
initial public offering in January, Bloomberg News reported
Tuesday, citing people with knowledge of the matter.
Santander has been in discussions with several firms as it
reviews options for its 60% stake in Dallas-based Santander
Consumer USA Holdings, these people said.
Santander views the unit as undervalued and that it may perform
better off the public markets, but no financial adviser has been
appointed and no final decision made, the people said.
Full story at
http://www.bloomberg.com/news/2014-12-09/santander-said-to-weigh-buyout-of-u-s-auto-unit.html
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