Davis Polk advised Banco Santander, S.A. in connection with its underwritten rights offering of 1,458,232,745 ordinary shares. The offering raised gross proceeds of approximately €7.07 billion or $8.26 billion. 

Headquartered in Madrid, Banco Santander is the leading financial institution by market capitalization in the Eurozone and operates globally through a network of subsidiaries across Spain, the United Kingdom, the United States and Brazil as well as other European and Latin American countries.

The Davis Polk corporate team included partner Nicholas A. Kronfeld and associates Pedro J. Bermeo and Yoojin L. Kim. Partner Gregory S. Rowland provided 1940 Act advice. Counsel Alon Gurfinkel and associate Omer Harel provided tax advice. Members of the Davis Polk team are based in the New York and London offices.

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