Bankers split on Santander funding for Sonae M&A deal

  • 10 Feb 2006

Banco Santander Central Hispano is providing debt financing for Portuguese conglomerate Sonae's Eu10.7bn offer for rival Portugal Telecom.

The company has dismissed Sonae's bid as hostile and said its Eu9.50 per share offer was too low.

European loans bankers have suggested that Sonae would need to approach several other banks ...

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