REFILE-Reuben Bros' 283 mln euro bid for Santander HQ called winner by court

REFILE-Reuben Bros' 283 mln euro bid for Santander HQ called winner by court

Privately-owned Reuben Brothers Resources Group (RBRG) won a tender for Banco Santander's headquarters near Madrid with an offer of 283 million euros ($325 million), beating a rival bid by the bank itself, a Spanish court ruled on Monday.

A Santander spokesman said it would appeal against the result of the tender, which was part of a liquidation settlement of Marme Investments. Santander, which sold its headquarters to Marme in 2008 for 1.9 billion euros in a 40-year sale-to-leaseback deal, had offered 232 million euros. ($1 = 0.8713 euros) (Reporting by Sam Edwards and Andres Gonzalez, editing by Andrei Khalip)

Give Feedback

Use this form for editorial or site feedback. We usually reply within 2 to 3 working days.

By submitting, you agree that we may use your email address to respond.