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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Santander to sell 5pct stake in Brazilian arm to Qatar Holding

Posted on 21 October 2010

From Banking-business-review.com: Spanish bank Banco Santander has agreed to sell a $2.7bn stake in its Brazilian arm to Qatar Holding, the government sovereign wealth fund. This transaction represents 5% of the share capital of Banco Santander Brasil.
Qatar holding will invest in Brazilian unit of Santander by subscribing a bond issue amounting to $2.71bn, mandatorily exchangeable for existing or for new shares of Banco Santander Brasil, at the choice of Banco Santander……………………………………….Full Article: Source

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