EU Commission starts legal action against Portugal

Article Abstract:

Legal action has been launched against Portugal by the European Union (EU) for not terminating a government veto on Banco Santander Central Hispano's planned acquisition of 40% of the Champalimaud Group. The EU claims the veto violates open crossborder business rules.

European Union, International economic relations, Portugal, Laws, regulations and rules, Champalimaud Group

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BSCH completes Banespa takeover

Article Abstract:

Banco Santander Central Hispano SA has completed its acquisition of Banco do Estado de Sao Paulo SA (Banespa). Banco Santander will offer 1.3 billion euros in cash to acquire 67% of Banespa.

Brazil, Banco do Estado de Sao Paulo S.A.

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BSCH to buy Banco de Caracas of Venezuela

Article Abstract:

Banco Santander Central Hispano SA (BSCH) will acquire Banco de Caracas in a deal worth $340 million (391.4 million euros). Banco de Caracas is the fourth-largest bank in Venezuela.

Venezuela, Banco de Caracas

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