The group disclosed its detailed quarterly results with no big surprises as it had already provided the market with a results preview in its rights issue notice. The latter was a great success, oversubscribed more than eight times. The impact of Banco Popular’s first consolidation mostly concerned the balance sheet. As announced, the acquisition was perfectly capital neutral.
28 Jul 2017
No surprise vis-à-vis preview
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No surprise vis-à-vis preview
Banco Santander, S.A. (BNC:LON) | 387 0 0.0% | Mkt Cap: 61,205m
- Published:
28 Jul 2017 -
Author:
David Grinsztajn -
Pages:
2
The group disclosed its detailed quarterly results with no big surprises as it had already provided the market with a results preview in its rights issue notice. The latter was a great success, oversubscribed more than eight times. The impact of Banco Popular’s first consolidation mostly concerned the balance sheet. As announced, the acquisition was perfectly capital neutral.