Santander has confirmed it is "exploring the possibility" of the sale of a stake in its asset management division.
The bank said this morning it is considering "incorporating investors to its asset management division", following recent reports the lender is in exclusive talks with a private equity duo. Earlier this month the Financial Times reported Santander is in advanced negotiations with US private equity firms Warburg Pincus and General Atlantic over the sale of a sizeable stake in the business. The move would be with a view to raising capital and expanding the unit, which has $161bn in assets under management, the paper said. "No agreement has been reached yet for any such investment. Sa...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
