IPO Santander Consumer USA Holding Inc

RNS Number : 3342Y

Banco Santander S.A.

23 January 2014

 

MATERIAL FACT

Further to the Material Fact announcement of January 10, 2014, Grupo Santander announces that Santander Consumer USA Holdings Inc (the "Company") has priced its initial public offering of shares, which have been approved for listing on the New York Stock Exchange. A 21.6% of the Company has been placed, of which a 4% corresponds to the shares sold by Grupo Santander. After this sale, Grupo Santander maintains a 60.7% stake in the share capital of the Company.

The sale price to the public is set at 24 dollars per share, valuing Santander Consumer USA Holdings Inc in 8,328 million dollars.

The transaction generates for Grupo Santander a net capital gain of Euro 740 million, which will be used to strengthen its balance sheet.

Boadilla del Monte (Madrid), January 23, 2014

Important notice

A registration statement relating to these securities has been declared effective by the U.S. Securities and Exchange

Commission. This material fact announcement shall not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to their registration or qualification under the securities laws of any such state or jurisdiction.

 

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