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Santander plans Mexico listing on September 25

Friday, August 24, 2012

Banco Santander is looking to list its Mexican unit in Mexico and New York on September 25.

The move is part of Santander's bid to shake off its association with only its struggling home market, allowing it to remind investors of its international reach and paving the way for a listing of its British subsidiary next year.

The euro zone's biggest bank, which has suffered less than domestic rivals from the economic crisis in Spain because of its extensive overseas interests, is looking to raise between $3 billion and $4 billion in the offering.

Source: Reuters