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Santander Plans Argentinian Arm Sale
Banco Santander is seeking to offer shares of its Argentinian arm Santander Río in an initial public offering.
Banco Santanderis seeking to offer shares of its Argentinian armSantander Ríoinan initial public offering (IPO),金融时报》reports. The bank is expected to raise about $500-700 million from the 15-20% stake sale.The listing may value the business at $3 billion. The proceeds are expected to be used to expand its branch and ATM network in Argentina.Bank of America Merrill LynchandJPMorganhave been appointed to underwrite the initial public offering. Click here for the story from金融时报》.