Generali decreases stake in Santander to below 1%

Italian insurer Assicurazioni Generali SpA (BIT:G) has reduced its stake in Spanish banking group Banco Santander (MCE:SAN) to 0.965% from 1.039%, selling more than 6m shares for EUR62.3m (USD79.7m), a filing with Spanish market watchdog CNMV showed today.

The transaction was carried out by Generali Espana on the Madrid Stock Exchange.

Other big shareholders in Santander include asset manager Blackrock (NYSE:BLK) with 4.775% and BNP Paribas (EPA:BNP) with 2.867%.

Country: Spain;

Sector: Banking/Financial Services

Target: Banco Santander SA

Vendor: Assicurazioni Generali SpA

Deal size in USD: 79.7m

Type: Divestment

Status: Closed

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