Emilio Botin, Chairman of Spain’s Banco Santander, Dies

Emilio Botin, who built Banco Santander SA from a Spanish regional lender into Europe’s second-largest bank by market value during his 28-year chairmanship, has died. He was 79.

Botin died of a heart attack in Madrid last night, a spokesman for the Santander, Spain-based lender said by telephone. The company named Ana Patricia Botin as her father’s successor as chairman.