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Banco Santander (SAN) reportedly plans to carry out an IPO of its Santander Consumer USA...
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Thursday, November 22, 2012, 3:57 AM ETBanco Santander (SAN) reportedly plans to carry out an IPO of its Santander Consumer USA car-financing unit in H1 next year at a valuation of $6B. That would be 50% above the business' $4B valuation when Santander sold a stake to KKR, Warburg Pincus and Centerbridge in 2011. Any listing would follow the IPO of Santander's Mexican business in September, when it raised $4B.
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