Santander, Intesa Sanpaolo to sell Allfunds Bank in 1.8 billion euro deal

Spain's Santander (SAN.MC) and Italy's Intesa Sanpaolo (ISP.MI) said on Tuesday they had agreed to sell a joint 75 percent stake in mutual fund platform Allfunds Bank for around 1.37 billion euros ($1.45 billion) to funds GIC and Hellman & Friedman.