News Headline Summary

Spain's Santander (SAN SM) says share swap to be 0.663 for each Banesto share

Says:
- To shut down 700 Banesto bank branches.
- Banesto shareholders to get Santander shares at 24.9% premium.
- To close Banesto absorption by May 2013.

Update details:

- Co. share trading is currently suspended by the regulator

Print 09:42, 17 Dec 2012 - EUROSTOXX 50 - Source: Newswires