Acquisition

RNS Number : 4235M

Banco Santander S.A.

28 January 2009

 

MATERIAL FACT

In connection with the acquisition by Banco Santander, S.A. ('Banco Santander') of all the shares representing the common share capital of Sovereign Bancorp Inc. ('Sovereign') which are not already owned by it (the 'Acquisition'), which Acquisition was announced on October 14, 2008 by means of a material fact ('hecho relevante') and for purposes of which Acquisition the extraordinary General Shareholder's Meeting of Banco Santander approved the capital increase that was announced by means of a material fact on January 26, 2009, Banco Santander informs that the Acquisition has been approved today by the General Shareholder's Meeting of Sovereign.

Once the relevant conditions are fulfilled, the Acquisition is expected to be effective next January 30, 2009.

Boadilla del Monte (Madrid), January 28, 2009

 

END

 

 

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