Santander plans to sell stake in fund management arm

Jackson, Gary
May 2013
Money Marketing (Online Edition);5/28/2013, p15
The article reports that Santander, Spanish banking group intends to sell a stake in its fund management business. A previous attempt by Santander to sell its asset management and insurance arms was not successful in 2008 due to the adverse market conditions. The announcement have not disclosed the identity of any potential investors in the fund manager business.


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