25th Jan 2008 16:44
Banco Santander S.A.25 January 2008 MATERIAL FACT Banco Santander hereby announces that it has today reached agreement with theconsortium led by the U.K. property investor Propinvest for the sale of theGrupo Santander City and its simultaneous lease-back for a period of 40 years,with a purchase option right being reserved for the Bank at the end of suchperiod. This transaction, which is expected to be executed no later than 31st Marchnext, forms part of the restricted and private invitation to tender organized byBanco Santander for the sale and subsequent lease-back of a portfolio ofproperties owned by it in Spain, of which this is the last part. The price agreed for the Santander Financial City is 1,900 million euros,generating capital gains for Grupo Santander of approximately 605 million euros. Also considering the other operations carried out previously within theaforementioned invitation to tender and announced at the appropriate time, GrupoSantander has sold properties (always with simultaneous lease-back and purchaseoption) for a total amount of 4,398 million euros, generating capital gainstotaling approximately 1,681 million euros. Boadilla del Monte (Madrid), 25th January 2008 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Banco Santander