Spain's Santander said it was not considering buying out the 28 percent of its U.S. auto finance business that is currently listed on the stock market after Bloomberg reported earlier on Tuesday the Spanish bank was mulling such a move."Regarding a news report published today that Banco Santander is considering a possible offer to acquire the publicly traded shares of Santander Consumer USA Holdings, Banco Santander announced that it is not considering this option," the bank said in a short emailed statement.The stake in Dallas-based Santander Consumer USA Holdings Inc, which is 60-percent owned by Santander, was worth about $1.8 billion as of Monday.Shares in Santander Consumer closed up 1.7 percent on Tuesday at $18.61 a share after they rose more than 13 percent during the day. The unit was listed on the New York Stock Exchange in January in an offering priced at $24 per share.
Banco Santander Brasil SA (the Bank) is a Brazil-based bank. Shares of BSBR fell by 0.74% or $-0.04/share to $5.34. In the past year, the shares have traded as low as $4.48 and as high as $7.18. On average, 8480250 shares of BSBR exchange hands on a given day and today's volume is recorded at 1705878.
Santander Consumer USA Holdings Inc. is a full-service, consumer finance company focused on vehicle finance and unsecured consumer lending products. Shares of SC traded higher by 1.69% or $0.31/share to $18.61. In the past year, the shares have traded as low as $16.52 and as high as $26.50. On average, 2360300 shares of SC exchange hands on a given day and today's volume is recorded at 18286816.
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