Santander says capital hike covered, not eying Monte Paschi
MADRID, Jan 8 (Reuters) - The chief executive of Spanish banking group Santander said there was sufficient demand to cover the whole of a 7.5 billion euros ($8.85 billion) share placement announced earlier on Thursday.
Speaking at a news conference, Jose Antonio Alvarez reiterated that the euro zone's biggest bank was not interested in a potential purchase of Italy's Banca Monte Dei Paschi di Siena, which is looking for a buyer after emerging as the weakest bank in a Europe-wide banking health check.
Shares (Dusseldorf: DI6.DU - news) in the Italian bank rose 12 percent to 0.5205 euros per share on Thursday on speculation of such interest. ($1 = 0.8473 euros) (Reporting By Jesus Aguado; Writing by Elisabeth O'Leary)