Santander could float UK business
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Santander could list its UK operations on the London Stock Exchange later in the year, according to reports in the Financial Times.
It reports that the banking giant could float in order to raise an estimated £3bn.
In February the bank was believed to be mulling the sale of a minority stake in its British arm as it planned to expand with the purchase of over 300 branches from Royal Bank of Scotland for over 1.5bn.
The FT reports that if market conditions are favourable, the bank would like to float 20% of Santander UK.
It is estimated that the the bank’s British arm could be worth over £10bn.
