Buyers of Banco Santander's (SAN) upcoming IPO of its Mexican unit will still have to keep a...

|About: Banco Santander S.A. (SAN)|By:, SA News Editor

Buyers of Banco Santander's (SAN) upcoming IPO of its Mexican unit will still have to keep a close eye on the bank's home country of Spain. "Who knows when they might sell the next 10%," says a fund manager, referring to capital needs back home forcing Santander to pressure its Mexican unit stock price by unloading more shares.