The UAE's Abu Dhabi Commercial Bank (ADCB) and Europe's largest lender by market capitalization, Banco Santander, have agreed to co-operate in trade and project finance as the Spanish bank broadens its reach in the Gulf.
Abu Dhabi investment vehicle Aabar made a $30 million profit on the sale of its stake in Spanish bank, Banco Santander as it continues to seek opportunities to realise returns, its chairman said on Wednesday.
'We made good money, about
Qatar is to take a 5 percent stake in the Brazilian unit of Spanish lender Banco Santander, with a $2.7 billion investment that adds to its big bank deals in recent years.
Santander, the euro zone's biggest bank, will issue bonds to Qatar
Abu Dhabi's Aabar Investments has invested $328 million in depositary shares issued by Banco Santander's Brazilian unit in the unit's initial public offering, Aabar said in a statement.
Aabar is a listed investment company cont