M&A Deal Summary

Banco Santander Acquires Banco Popular Espanol S.A.

On April 24, 2018, Banco Santander acquired financial services company Banco Popular Espanol S.A.

Acquisition Highlights
  • This is Banco Santander’s 5th transaction in the Financial Services sector.
  • This is Banco Santander’s 1st transaction in Spain.

M&A Deal Summary

Date 2018-04-24
Target Banco Popular Espanol S.A.
Sector Financial Services
Buyer(s) Banco Santander
Deal Type Merger

Target

Banco Popular Espanol S.A.

Madrid, Spain
Banco Popular Español, S.A. operates as banking services with special emphasis on the retail segment, in the Spanish market. Banco Popular Espanol was founded in 1926 and is based in Madrid, Spain.

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Buyer(S) 1

Buyer

Banco Santander

Madrid, Spain

Category Company
Founded 1856
Sector Financial Services
Employees211,141
Revenue 59.9B EUR (2023)
DESCRIPTION

Banco Santander is a financial group operating principally in Spain, the UK, Portugal, and Brazil. Banco Santander is a provider of commercial and retail banking financial services. Banco Santander was founded in 1856 and is based in Madrid, Spain.


DEAL STATS #
Overall 6 of 10
Sector (Financial Services) 5 of 8
Type (Merger) 2 of 2
Country (Spain) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-03 Island Finance

San Juan, Prince Edward Island, Puerto Rico

Island Finance is a provider of consumer loans and real estate-secured loans to customers through its 70 stores in Puerto Rico, as well as sales finance contracts through retail merchants. Island Finance Puerto Rico as formed in 1959 and is headquartered in San Juan, Puerto Rico.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-08 WiZink

Madrid, Spain

WiZink is a digital bank specializing in deferred consumer credit in Spain and Portugal. WiZink operates with its own banking license and has a unique specialization model: the bank serves customers through specialized channels (online, telephone banking and stands). In addition, strategic agreements with key partners allow WiZink to offer co-branded credit cards adapted to customers’ particular needs (e.g. Cepsa). WiZink was founded in 2000 and is based in Madrid, Spain.

Sell -