Brief: Santander Buys Minority Stake In Four Spanish Companies Of Gestamp Group
28/07/2025 16:13
July 28 (Reuters) - Gestamp Automocion SA GEST.MC: BANCO DE SANTANDER SIGNED AGREEMENT WITH GESTAMP AND OTHER SUBSIDIARIES OF ITS GROUP, WHEREBY A INVESTMENT VEHICLE WILL BUY A MINORITY STAKE IN FOUR COMPANIES OF GESTAMP GROUP DEAL TO BE CLOSED THROUGH SUBSCRIPTION OF CASH CAPITAL INCREASE IN EACH UNIT, THROUGH ISSUANCE OF PREFERRED SHARES AND 245 MILLION EUROS DISBURSEMENT INVESTMENT VEHICLE IS ANDROMEDA PRINCIPAL INVESTMENTS FROM BANCO SANTANDER INVESTMENT EXPECTED TO BE FORMALISED IN SEPTEMBER STAKE WILL BE RECORDED UNDER NON-CONTROLLING INTERESTS SECTION OF GESTAMP GROUP'S CONSOLIDATED BALANCE SHEET Source text: ID:nCNM6CplwW Further company coverage: GEST.MC (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 567 69 66 00;))