Santander's chairman Emilio Botin dies
Emilio Botin, chairman of the Spanish banking giant Santander, has died aged 79, the company has announced.
The bank gave no details as to the cause of death.
The appointments and remuneration committee and the board of directors will meet on Wednesday to appoint a new chairman.
Mr Botin, a scion of a banking dynasty, was credited with building a small regional bank into the global brand it is today.
The group's shares fell 1.7% as the news broke.
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