Santander To Buy SEB’s German Branches

12 Jul 2010

Banco Santander has agreed to buy the 173 German branches of Sweden’s Skandinaviska Enskilda Banken for €555 million ($701.35 million), more than twice the figures analysts had projected last month.

Banco Santander has agreed to buy the 173 German branches of Sweden’s Skandinaviska Enskilda Banken for €555 million ($701.35 million), more than twice the figures analysts had projected last month. With the acquisition, which is expected to be completed next year pending regulatory approval, the Spanish bank will ...

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