Santander is not interested in potential acquisition of Orange Bank

ORANGE-M-A-SANTANDER:Santander is not interested in potential acquisition of Orange Bank
ORANGE-M-A-SANTANDER:Santander is not interested in potential acquisition of Orange Bank Copyright Thomson Reuters 2023
By Reuters
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MADRID – Spain’s Santander is not interested in the potential acquisition of Orange Bank, the mobile banking unit of Orange, chairman Ana Botin said on Thursday.

Les Echos reported on Wednesday that French banks BNP Paribas, Credit Agricole and Societe Generale were mulling a bid for Orange Bank.

The newspaper added that Spanish bank Santander and U.S. private equity fund Cerberus were also considering a bid.

“We are not interested in Orange,” Botin said during the annual earnings press conference in Madrid.

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