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​​Banco Popular Español sold to Santander under EC-approved resolution plan

( June 7, 2017, 06:42 GMT | Official Statement) -- MLex Summary: Banco Popular Español, deemed by EU authorities to have reached the point of failure, will be sold to Banco Santander under a resolution plan approved by the European Commission. The commission said the takeover, which is subject to review by financial and merger regulators, required no use of state aid or resolution funds, and would prevent any disruption to customers.The commission's statement follows:  ...

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