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Article: BANCO SANTANDER AND BANCARIO SAN PAOLO DI TORINO REACH WIDE-RANGING COOPERATIVE AGREEMENT; EMILIO BOTIN TO JOIN BOARD
- Article from:
- PR Newswire
- Article date:
- April 28, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MADRID, April 28 /PRNewswire/ -- Banco Santander (ADRs NYSE: STD) announced today that it has concluded terms of a significant financial and strategic agreement with the Italian bank, Istituto Bancario San Paolo di Torino, according to Emilio Botin, chairman of the Santander Group. Both banks, each a leader in its own country, will develop commercial and investment banking projects. These will include financing and participation in businesses in Latin America and the Far East, business links between Spain and Italy, involvement in major Italian privatizations and the development and distribution of complementary financial products.
In view of the importance of this ...