Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 874

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 874
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          | 49.00 | % |     |                                |  49.00 | % |           |  49.00 | % | Insurance            |     | Associated      |
| Zurich Santander Seguros Generales Chile S.A.                                                                                       |     | Chile          |     |                                        |   0.00 | % |          | 49.00 | % |     |                                |  49.00 | % |           |  49.00 | % | Insurance            |     | Associated      |
| Zurich Santander Seguros México, S.A.                                                                                               |     | Mexico         |     |                                        |   0.00 | % |          | 49.00 | % |     |                                |  49.00 | % |           |  49.00 | % | Insurance            |     | Associated      |
| Zurich Santander Seguros Uruguay S.A.                                                                                               |     | Uruguay        |     |                                        |   0.00 | % |          | 49.00 | % |     |                                |  49.00 | % |           |  49.00 | % | Insurance            |     | Associated      |

a. Company in liquidation as at 31 December 2024.

b. Pursuant to Article 3 of Royal Decree 1159/ 2010, of 17 September, approving the rules for the preparation of consolidated annual accounts, in order to determine the voting rights, voting rights held directly by the parent company have been added to those held by companies controlled by the parent company or by other persons acting in their own name but on behalf of a group company. For these purposes, the number of votes corresponding to the parent company, in relation to the companies indirectly dependent on it, is that corresponding to the dependent company that directly participates in the share capital of the latter.

c. Excluding the Group companies listed in Appendix I, as well as those which are of negligible interest with respect to the true and fair view that the consolidated financial statements must give (in accordance with articles 48 of the Commercial Code and 260 of the Spanish Companies Act).

d. Companies over which joint control is maintained.

e. Investment managed discretionally by a manager outside the Santander Group, the voting rights not being, in this case, decisive in determining control of the entity.

f. Recently created company, without financial information available.

g. Company over which effective control has been lost.

Annual report