Spain's Banco Santander SA is trying to obtain regulatory approval to sell a part of its stake in a solar energy project in Nevada to two Canadian pension funds, the Wall Street Journal reported on Tuesday. The bank will transfer its 26.8 percent stake in Tonopah Solar Energy LLC to a new joint venture that will hold its assets in the United States, the Journal said on its website, citing a filing with the Federal Energy Regulatory Commission. (on.wsj.com/11WJ8ik)Canada's Ontario Teachers' Pension Plan and Public Sector Pension Investment Board will each acquire a stake and each own about a third of the joint venture, according to the Journal reported.Financial terms of the deal were not disclosed, the Journal said.Banco Santander, Ontario Teachers' Pension Plan and Public Sector Pension Investment Board could not be immediately reached for comment.
Banco Santander Brasil SA (the Bank) is a Brazil-based bank. Shares of BSBR traded higher by 4.39% or $0.26/share to $6.18. In the past year, the shares have traded as low as $4.48 and as high as $7.18. On average, 9028090 shares of BSBR exchange hands on a given day and today's volume is recorded at 4330265.
Banco Santander SA is a Spain-based commercial bank. Shares of SAN traded higher by 1.26% or $0.11/share to $8.86. In the past year, the shares have traded as low as $8.10 and as high as $10.75. On average, 10254100 shares of SAN exchange hands on a given day and today's volume is recorded at 13859304.
Source
