Information on Santander Asset Management

RNS Number : 4645S

Banco Santander S.A.

24 September 2014

 

MATERIAL FACT

Banco Santander ("Santander") reports that it is exploring, jointly with its partners Warburg Pincus and General Atlantic, a potential integration of Santander Asset Management, its asset management arm, with Pioneer Global Asset Management, a wholly-owned subsidiary of UniCredit, although at this time no agreement has been reached as to the potential structure or the terms of that possible transaction.  Santander Asset Management is a jointly controlled business of Santander, on the one hand, and Warburg Pincus and General Atlantic, on the other hand, to which the Santander Group transferred the majority of its assets management companies in 2013.  Santander will inform the market if and when it reaches an agreement in the future to implement such transaction.

Boadilla del Monte (Madrid), September 24, 2014

 

END

 

 

MSCUSONRSOAKURR