EMILIO BOTÍN IS a confident man. When RBS, Fortis and Santander brought ABN Amro in 2007 it was clear which of the three had struck the best deal. Botín’s Santander prised away the best asset in the ABN empire, Banco Real, and he knows it.
Real will officially become part of Santander next month and, combined with its existing Brazil business, largely comprising former state-owned Banespa, will give the Spanish bank a 10% market share in Brazil.
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