MADRID, April 26 (Reuters) - Spain's Santander and
British broker Peel Hunt on Monday announced an agreement to
offer services of corporate fundraising to support increasing
merger and acquisition activity and bolster companies balance
sheets.
Under the agreement, exclusive to Peel Hunt's clients in
Britain, the brokerage will be able to offer access to
underwriting from Santander to customers looking to raise
capital on markets, while Santander will be able to access Peel
Hunt's client base, both companies said in a statement.
The deal would also include secondary offerings, including
sales of stakes by major shareholders, but not initial public
offerings (IPOs).
(Reporting by Jesús Aguado, Editing by Inti Landauro and Angus
MacSwan)