March 26, 2018 / 6:48 AM / 6 months ago

BRIEF-Santander Says Popular Will Sell To Varde Its 49 Pct Stake In WiZink

March 26 (Reuters) - Banco Santander SA:

* POPULAR WILL SELL TO VARDE ITS 49% STAKE IN WIZINK

* POPULAR AND SANTANDER TOTTA WILL ACQUIRE DEBIT AND CREDIT CARD BUSINESS THAT WIZINK HAD ACQUIRED FROM POPULAR IN 2014 AND 2016

* CLOSING OF TRANSACTIONS IS EXPECTED WITHIN THE SECOND HALF OF 2018

* BOTH TRANSACTIONS TO HAVE A POSITIVE IMPACT ON CET 1 FULLY LOADED RATIO OF ABOUT 10 BASIS POINTS Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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