Santander UK injects one billion euros into holding company

Santander UK has repurchased bonds worth 2.375bn euros from holding company Banco Santander, Spanish daily Expansion reports.

Santander UK has repurchased bonds worth 2.375bn euros from holding company Banco Santander, Spanish daily Expansion reports.

Of the securities purchased by the UK subsidiary, almost half belonged to other affiliates. As such, Santander UK effectively injected €1bn into its parent company.

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