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MarketScreener Homepage  >  Equities  >  Bolsa de Madrid  >  Banco Santander, S.A.    SAN   ES0113900J37

BANCO SANTANDER, S.A.

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Banco Santander S A : Santander in 350 million pound deal for stake in UK's Ebury

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11/04/2019 | 05:40am EST
FILE PHOTO: Banco Santander's chairwoman Botin speaks at the annual results presentation at bank's headquarters in Boadilla del Monte

MADRID (Reuters) - Santander has taken a 350 million pound ($453 million) majority stake in UK-based Ebury as part of a digital strategy to boost growth through new ventures, the Spanish bank announced on Monday.

Ebury is a trade and foreign exchange facilitator for small and medium-sized companies which operates in 19 countries and 140 currencies, Santander said in a statement.

Santander said it is acquiring 50.1% of Ebury for 350 million pounds, of which 70 million will be new primary equity to support Ebury's plans to enter new markets in Latin America and Asia.

The bank said it expects a return on invested capital (RoIC) higher than 25% in 2024.

"Small and medium-sized businesses are a major engine of growth around the world, creating new jobs and contributing up to 60% of total employment and up to 40% of national GDP in emerging economies," said Santander executive chairman Ana Botin.

Like banks across Europe, Spanish lenders have turned to more profitable enterprise lending in a bid to lift earnings as low interest rates squeeze financial margins.

Santander is also focusing on emerging economies while cutting costs to counter squeezed margins from ultra-low interest rates in mature European markets.

Santander said Ebury's existing investors, including co-founders and management, would reinvest in the transaction and the current management team will remain.

Ebury has generated average annual revenue growth of 40% in the last three years, Santander said in its statement.

(Reporting By Jesús Aguado; editing by Jason Neely)

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Financials (EUR)
Sales 2019 49 183 M
EBIT 2019 25 964 M
Net income 2019 5 944 M
Debt 2019 -
Yield 2019 5,90%
P/E ratio 2019 9,87x
P/E ratio 2020 7,48x
Capi. / Sales2019 1,21x
Capi. / Sales2020 1,19x
Capitalization 59 421 M
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Technical analysis trends BANCO SANTANDER, S.A.
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TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 4,31  €
Last Close Price 3,58  €
Spread / Highest target 51,5%
Spread / Average Target 20,4%
Spread / Lowest Target -26,3%
EPS Revisions
Managers
NameTitle
José Antonio Álvarez Álvarez Chief Executive Officer & Deputy Chairman
Ana Patricia Botín-Sanz de Sautuola O'Shea Executive Chairman
Dirk Kudwig Marzluf Chief Operating & Technical Officer
José Antonio Garcia Cantera Chief Financial Officer
Guillermo de la Dehesa Romero Director
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