We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

No exit

13 January 2003

This is a neat deal, reducing the Spanish bank s exposure to risky Latin America and allowing it to repatriate $600m in cash. By retaining a 4.5% stake in Brazil s largest bank, it retains a presence in the country and some upside when markets there recover.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)