15th Nov 2007 07:00
Banco Santander S.A.14 November 2007 MATERIAL FACT Banco Santander announces that it has sold today ten real estate properties totwo companies of Grupo Pontegadea. At the same time, Banco Santander has enteredinto a 40 year long lease contract of such properties, keeping a repurchaseright over them. This transaction fits within the restricted and private bidding process launchedby Santander for the sale and subsequent lease of a portfolio of real estateproperties in Spain, which has not concluded yet. The properties are located in the main arteries of the business districts ofdifferent province capitals (Madrid, Barcelona, Valencia, Valladolid, Oviedo,Sevilla, Malaga, Bilbao and Palma de Mallorca). The total consideration is Euro 458 million, generating for Grupo Santander acapital gain of Euro 216 million approximately. Boadilla del Monte (Madrid), November 14, 2007 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Banco Santander