Banco Santander, Grifols Shares Are Active in Madrid Trading
The following were among the most active stocks in the Spanish market. Symbols are in parentheses after company names.
Banco Santander SA (SAN SM) fell for a sixth time in the last seven trading days, losing 0.8 percent to 9.254 euros. Spain’s biggest bank is no longer in talks to merge its U.S. unit Sovereign Bank with M&T Bank Corp., Expansion reported, citing Santander’s Chief Executive Officer Alfredo Saenz.
Grifols SA (GRF SM) sank 2 percent to 10.71 euros, erasing yesterday’s 0.8 percent gain. Europe’s largest maker of blood- plasma products cut the interest rate it will pay on $1.6 billion of term loans to fund its purchase of Talecris Biotherapeutics Holdings Corp., according to a person familiar with the transaction.
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