Reuters: Global Markets: Spain's Banesto shares resume trading sharply higher

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Spain's Banesto shares resume trading sharply higher Dec 17th 2012, 10:57 Tweet Share this Email Print Related News Spain's Santander to study absorbing Banesto 4:56am EST Spain to overhaul rescued banks as condition of aid Wed, Nov 28 2012 Related Topics Hot Stocks » Asian Markets » A man sleeps outside a Banesto bank branch in central Barcelona June 27, 2012. Credit: Reuters/Andrea Comas MADRID | Mon Dec 17, 2012 5:57am EST MADRID (Reuters) - Spain's Banesto (BTO.MC) resumed trading up 23 percent at 3.6 euros ($4.72) per share on Monday after parent company Santander (SAN.MC) said it would absorb the smaller lender. Trading in both Banesto and Santander was suspended before the market opened on Monday after Santander said it would merge with Banesto, in which it already owns almost 90 percent Santander said it valued Banesto shares at 3.73 euros per share, 24.9 percent more than the closing price on Friday. Santander was trading down 1 percent at 5.84 euros per share. ($1 = 0.7628 euros) (Reporting By Paul Day; Editing by Jesus Aguado) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

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