Blade Watch

http://www.guardian.co.uk/feedarticle?id=7448796

PORTO, Portugal, April 9 (Reuters) – Banco Santander Chairman Emilio Botin said on Wednesday Spain’s biggest bank did not need acquisitions to keep growing and repeated his earnings per share growth target of over 15 percent a year.

We are growing very well,” Botin told reporters at the University of Porto. “Therefore, we do not need acquisitions or other operations.”

In February, Botin said Santander had no acquisition plans but would be open to any great deals if they came up on the market. Last month he said he had been approached about deals but would sit things out until the credit crunch eased.

Very cool, it will be interesting to see if there are any more business transactions relating to the ABN Amro mergers, we’ll have to see. An interesting read, do check it out.

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