Citigroup and UBS to lead €7bn Santander rights issue to recap Banco Popular

Aidan Gregory,

David Rothnie, Victor Jimenez

June 07, 2017 11:00 am

Ana_Boutin_PA_230x150 — Santander Bank president Ana Patricia Botin attends a press conference about Popular Bank adquisition in Madrid, on Wednesday, 07 June 2017 | GTRES/GTRES/PA Images

With the Credit Suisse rights issue closing this week and the completion of cash calls by Deutsche Bank, UniCredit and Millennium BCP earlier in the year, the latest wave of big bank recapitalisations looked like it was drawing to a close, until dramatic news on Wednesday this week.

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Topics

Santander Spain Equity Europe Follow-ons and Rights issues EMEA

AG

Aidan Gregory

DR

David Rothnie

VJ

Victor Jimenez