Sale of 1.9% of Banco Santander - Chile

RNS Number : 3926B

Banco Santander S.A.

17 February 2011

 

MATERIAL FACT

Grupo Santander hereby announces that is has sold shares representing 1.9% of the share capital of Banco Santander - Chile, for a total consideration of USD 291 million. This transaction generates a capital gain for Banco Santander of approximately Euro 110 million, entirely accounted for as reserves. Following the transaction, Banco Santander holds a 75% stake in the share capital of Banco Santander - Chile.

Boadilla del Monte (Madrid), 17^th February 2011

 

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