Banco Santander Closes the Purchase of Webster to Grow in the United States
5 Articles
5 Articles
The operation was announced in February. It is valued at 10.3 billion euros. More information: Santander receives the Fed's approval for the acquisition of Webster and will close the operation by August 20th.
The bank completed the acquisition just seven months after the announcement, once it received regulatory approval. It becomes a banking giant in the country with a balance sheet exceeding €280 billion.
The entity closes this week an acquisition with which it makes the leap in that market, of which its regulation stands out less hard than in Europe and despite the opposition of representatives of the Republican PartyThe Spanish entity makes the leap in the North American market, of which its regulation stands out less hard than in Europe and despite the opposition of representatives of the Republican party Put the brooch to an acquisition in fu…
Banco Santander plans to close this Thursday the acquisition of the US Webster Financial, just over six after having announced the operation, after having received all the relevant approvals from the regulators and shareholders of the company. Santander estimates that the legal merger will take place today, as announced earlier this month by the entity led by Ana Botín when it obtained the approval of the Federal Reserve of the United States. Pr…
The acquisition of the American regional bank will be finalized on Thursday, August 20th. With this operation, Santander intends to change scale and compete with the giants of the sector.
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