SANTANDER (dpa-AFX) - Spanish lender Banco Santander SA (BNC.L, BSBR, SAN) announced Friday that it has reached an agreement to acquire the stake held by DDFS LLC in Santander Consumer USA Holdings Inc, representing 9.68 percent of the such company, for $928 million.
Following this transaction, Santander's stake in SCUSA will stand at about 68.7 percent.
The transaction, which is subject to regulatory approval, has an impact of approximately -8 basis points on the Group's CET1 fully loaded capital.
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