Santander had ‘much higher bid’ for Popular, sources claim
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Santander had ‘much higher bid’ for Popular, sources claim


Santander had lined up a “much higher bid” than the €1 it paid for Banco Popular last summer, claimed sources close to the Spanish bank’s resolution. They argued that the sales process would have been more competitive if the Single Resolution Board had allowed potential rescue bidders more time to consider their positions.

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