Santander hires Barclays, Goldman Sachs for Ebury IPO, Expansion reports

Reuters
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Santander hires Barclays, Goldman Sachs for Ebury IPO, Expansion reports

MADRID, March 6 (Reuters) - Spain's Santander SAN.MC has hired Barclays and Goldman Sachs to launch an initial public offering of payments company Ebury, which it majority owns, Expansion said on Thursday.

Ebury would aim to go public around May or June on the London Stock Exchange with a valuation of around 2.5 billion pounds ($3.22 billion), according to unidentified sources close to the process cited by Expansion.

Santander, which declined to comment on the Expansion report, has said in the past that a listing of Ebury was one of many alternatives for the business.

Barclays, Goldman Sachs and Ebury were not immediately available for comment.

Ebury is part of PagoNxt, Santander's global payments platform, which is one of the bank's five core global business areas.

In October, Ebury hired finance veteran Bruce Carnegie-Brown as its chairman ahead of a potential stock exchange float.

($1 = 0.7754 pounds)

(Reporting by Jesús Aguado; Editing by Jan Harvey)

((jesus.aguado@thomsonreuters.com; +34 91 835 68 32; Reuters Messaging: Reuters Messaging: jesus.aguado.reuters.com@reuters.net))

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