European justice rejects that the former shareholders of Banco Popular claim Santander

ABCMADRID Updated:05/05/2022 10:43h

Support of the European justice to the bank directed by Ana Botín. The former shareholders who suffered losses due to the resolution of Banco Popular will not be able to claim compensation from Banco Santander on the grounds that they received faulty information when acquiring those titles before the dissolution, as ruled today by the Court of Justice of the European Union ( CJEU).

The judges recall that European law includes a safeguard that allows that if the shareholders and creditors affected by a resolution suffered more losses with this operation than they would have suffered in an ordinary liquidation, they can claim the return of the difference in court.

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