28th Nov 2008 14:19
Banco Santander's capital increase
fully subscribed
Madrid, November 28th, 2008 - Banco Santander has successfully closed its EUR 7,195 million capital increase. The subscription period took place between November 13th and November 27th. The rights issue was fully subscribed.
Banco Santander Chairman Emilio Botín said: "I am delighted with the great success of this transaction. It demonstrates once again Santander's ability to act quickly, strengthening its core capital to approximately 7%, which is especially important in the current economic scenario. This transaction highlights the confidence and strength of the Spanish economy and its financial system."
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