November 28, 2006
Banco Santander is to offer 7.2% of shares in its Chilean unit, Santander S
Banco Santander is to offer 7.2% of shares in its Chilean unit, Santander Santiago. The sale, which has been registered with the US Securities and Exchange Commission, will raise up to $646 million via the sale of 11.4 billion ADS. The Spanish bank said it was committed to maintain ownership of at least 75% of its Chilean business.