Tue, 10th Dec 2013 16:57
MADRID, Dec 10 (Reuters) - Spain's largest bank BancoSantander said on Tuesday it had agreed to buy HSBC's 8 percent stake in China's Bank of Shanghai and hadsigned a cooperation agreement.
The deal, including the cooperation agreement, was valued atabout 470 million euros ($647.26 million) and should be closedin the first half of 2014, Santander said.
Yield set at 3.30%, coupon rate at 3.25% *
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HSBC Holdings (HSBA)