Santander property fund asks to delay redemptions
MADRID (Reuters) - Spain's largest bank Santander
Clients holding 80 percent of the fund, or 2.62 billion euros ($3.34 billion), had asked to redeem their investments by February 13.
The fund currently lacks liquidity necessary to meet the full payment of the said amount, Santander's property division said in a statement.
(Reporting by Ben Harding; Writing by Tracy Rucinski)
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