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LONDON/MADRID (Reuters) -Santander's Victor Matarranz is stepping down as global head of wealth management and insurance as the Spanish bank expands the business, two people with knowledge of the plans said on Wednesday. Santander plans to fold its investment platforms and corporate holdings business into the wealth unit, one of the people said. Javier Garcia-Carranza, who runs the investment activities, will replace Matarranz, the people said.
Spanish oil company Repsol is in negotiations to sell a stake in its renewable energy unit, a move to help fund its strategic plan through 2027, according to four sources with knowledge of the talks. The company has received an unsolicited approach by an investor and has lined up Santander as advisor for the sale, the sources said. Repsol would keep more than 50% of the unit in a transaction that could involve the investor injecting new money into the business, the sources said.