Santander Buys Portugal's Banif for $163 Million Amid ResolutionBy and
Banif clients, branches to be transferred in bank resolution
`Problematic assets' won't be part of Santander's acquisition
Banco Santander SA agreed to buy lending operations of Portugal’s Banif-Banco Internacional do Funchal SA for 150 million euros ($163 million) in Chairman Ana Botin’s first acquisition since taking over last year.
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