Santander Gave 48 Hours for Antonveneta Payment, Botin Testified
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Banco Santander SA Chairman Emilio Botin said he gave Banca Monte dei Paschi di Siena SpA Chairman Giuseppe Mussari 48 hours to pay for unit Banca Antonveneta SpA, according to a document obtained by Bloomberg News.
Mussari was told that if the deadline for the 9 billion-euro ($12 billion) payment wasn’t met the deal would collapse, Botin said when questioned in July in Madrid by Siena prosecutor Antonino Nastasi, according to the document. Botin was interviewed as a person informed of facts related to Santander’s sale of the unit to Monte Paschi in 2007. He isn’t under investigation in the probe and isn’t accused of any wrongdoing.