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Déjà vu

10 December 2014 By Antony Currie, Fiona Maharg-Bravo

A report that the Spanish bank is considering scooping up the 28 pct of its Santander Consumer unit’s tradable stock has some logic. A new chief and a stock drop add appeal. But the timing is off. A buyout looks bad so soon after the IPO, and the stock is depressed for a reason.

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