Banco Santander Mulls a Possible Sale of its Stake in Metrovacesa

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

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