off-the-wire

Santander is not interested in potential acquisition of Orange Bank

Kitco Media
By Reuters
Published:
Updated:
Reuters

MADRID, Feb 2 (Reuters) - Spain's Santander (SAN.MC) is not interested in the potential acquisition of Orange Bank (ORAN.PA), the mobile banking unit of Orange, chairman Ana Botin said on Thursday.

Les Echos reported on Wednesday that French banks BNP Paribas , Credit Agricole (CAGR.PA) and Societe Generale (SOGN.PA) 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.

Reporting by Emma Pinedo; Editing by Jesus Aguado
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