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Warburg Pincus Group Pays $664M For Santander Unit Stake

By Kaitlyn Kiernan (June 19, 2014, 5:58 PM EDT) -- Spanish banking giant Banco Santander is joining forces with U.S. private equity firm Warburg Pincus LLC and Singapore's massive sovereign wealth fund to build up the bank's custody business in Spain and Latin America in a truly global deal, with the investors paying €487.5 million ($663.8 million) for a 50 percent stake....

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