Banco Popular chairman Ron shakes hands with Banco Pastor chairman Arias before a joint news conference in Madrid

Banco Popular chairman Ron shakes hands with Banco Pastor chairman Arias  before a joint news conference in Madrid

Banco Popular chairman Angel Ron (L) shakes hands with Banco Pastor chairman Jose Maria Arias before a joint news conference in Madrid October 10, 2011. Spain’s Popular hopes to generate an over 15 percent return by 2015 on the about 1.3 billion euros ($1.8 billion) it will invest to buy smaller rival Pastor , the country’s fifth largest bank said on Monday. Popular will pay a premium of 31 percent for Pastor, which its chairman said is justified because it guarantees control of the Galician-based bank. REUTERS/Andrea Comas (SPAIN – Tags: BUSINESS) TELETIPOS_CORREO:FIN,FIN,%%%,%%%

Publicidad