28 October 2019 – Banco Santander is studying a possible sale of its stake in the developer Metrovacesa. The bank currently has a 49.4% stake in the firm, while BBVA controls 20.8%. Santander sees its investment as non-strategic, while the Bank of Spain continues to pressure the country’s financial institutions to reduce their exposure to the real estate market.
Original Story: Eje Prime
Adaptation/Translation: Richard D. K. Turner