By Adria Calatayud

 

Spain's Banco Santander SA and U.K. investment bank Peel Hunt have signed a collaboration agreement to underwrite U.K. equity-capital-market transactions, they said Monday.

The agreement covers primary offerings such as rights issues and placings to support merger-and-acquisition activity or bolster corporate balance sheets, as well as secondary offerings such as sales of large stakes by major shareholders, the banks said.

The banks said the collaboration seeks to combine Peel Hunt's equity-capital-market expertise with the underwriting capabilities of Santander's wholesale investment banking division.

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 

(END) Dow Jones Newswires

April 26, 2021 04:16 ET (08:16 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
Banco Santander (NYSE:SAN)
Historical Stock Chart
From Aug 2021 to Sep 2021 Click Here for more Banco Santander Charts.
Banco Santander (NYSE:SAN)
Historical Stock Chart
From Sep 2020 to Sep 2021 Click Here for more Banco Santander Charts.