Botín’s coup clears the decks

Botín’s coup clears the decks

Headline: Botín’s coup clears the decksSource: EuromoneyDate: October 2001 Angel Corcóstegui By this summer it was clear that BSCH, as it was then called, was ripe for a second round of integration. But internal tension was growing and by the time Programa Dos, the second stage of consolidation, was given the […]

Headline: Botín’s coup clears the decks
Source: Euromoney
Date: October 2001







Angel Corcóstegui

By this summer it was clear that BSCH, as it was then called, was ripe for a second round of integration. But internal tension was growing and by the time Programa Dos, the second stage of consolidation, was given the green light it was apparent that both sides were not unanimously behind it.

Banco Santander was clearly the stronger of the two brands and this imbalance was accentuated at the board level, where Emilio Botín, owner of 3% of Santander Central Hispano, had a majority of votes.

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Botín’s coup clears the decks

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