Waiver to launch tender offer for Metrovacesa

RNS Number : 9234J

Banco Santander S.A.

06 July 2011

 

Following our communication of last 4^th July 2011, Banco Santander, S.A. ("Banco Santander") hereby announces that the Board of Directors of the Spanish National Securities Market Commission (Comisión Nacional del Mercado de Valores) resolved today to exempt Banco Santander from the obligation to launch a public tender offer over 100% of the voting share capital of Metrovacesa, S.A. within the framework of the share capital increase approved by the Annual General Meeting of the latter company held on 28^th June 2011.

Boadilla del Monte (Madrid), 6^th July 2011

 

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