Banco Santander advised by Davis Polk on €7bn rights offering
Davis Polk advised Banco Santander on its underwritten rights offering of 1,458,232,745 ordinary shares.
The offering raised gross proceeds of approximately €7.07 billion or $8.26 billion.
Headquartered in Madrid, Banco Santander operates globally through a network of subsidiaries across Spain, the UK, the US and Brazil as well as other European and Latin American countries.
The Davis Polk corporate team included partner Nicholas A. Kronfeld and associates Pedro J. Bermeo and Yoojin L. Kim. Partner Gregory S. Rowland provided 1940 Act advice. Counsel Alon Gurfinkel and associate Omer Harel provided tax advice.
