Banco Santander acquires 96.26% of its Mexican subsidiary after the takeover bid

Madrid, Dec 8 (EFE) .- Banco Santander has increased its stake in its Mexican subsidiary from 91.64% to 96.16%, after the public acquisition offer (OPA) in which it has paid about 340.7 million euros (at current exchange rate).

As reported by the entity this Wednesday to the National Securities Market Commission (CNMV), in total some 300 million shares have attended (4.51% of the capital stock of the Mexican subsidiary) through two offers, one Mexican and another American.

The price paid per title has risen to 26.5 Mexican pesos (1.12 euros), above the 24 pesos that it offered a few months ago, when it announced its goal of taking over 8.3% of the capital of Santander México, which I still did not control.

The entity then stated its intention to cancel the registration of Santander México shares in the National Securities Registry and exclude them from trading on the Mexican and New York stock exchanges after the settlement of the offer.

(c) EFE Agency

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