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Santander Buys Norwegian Private Bank
Santander, the Spanish financial services firm, has entered into an agreement to acquire a 100 per cent stake in Bankia Bank, a Norway-based...
Santander, the Spanish financial services firm, has entered into an agreement to acquire a 100 per cent stake in Bankia Bank, a Norway-based bank focusing on private banking, for around €52.7 million ($70.1 million).
The Spanish bank is targeting growth in its consumer banking business, say analysts, and the purchase is in line with this strategy.
