Format: Times new roman, size 12, line spacing 1.5. No more than 3000 words, excluding references and cover page.  APA style.BancoSantanderisaSpaniardbank,thebiggestformarketcapitalizationandtheeightlargest by assets in Europe. The last 25 years, Emilio Botin, Chairman, has lead a processof internationalization and diversification through overseasacquisitions.PleasereadthearticleBancoSantander’sEmilioBotíntakesontheworld,whichispostedin week 6. You can review additional information from business journals asBusinessweek, Fortune, Forbes, CNN Money, McKinsey Harvard Business review or other credible sourcefrom internet. Please prepare a document where you answer the followingquestions:  1.      Botin’sstrategywastoacquirelargeforeignbankswhichhavesomesortoffinancialstraits, someofthesebanksarelocatedindevelopingcountriesinSouthAmerica.Willthisrisk spreading create value for shareholders? Under what circumstances could theseacquisitions create benefits forshareholders?2.      Should Banco Santander increase its presence in the U.S. market? Why or whynot?3.      Assume that Banco Santander decides to increase its presence in the U.S. market. Howshould it doso?4.      WhatdoyouthinkarethekeysuccessfactorsfortheinternationaldiversificationofBanco Santander?5.      Analyze the internal governance mechanism of ownership concentration in BancoSantander.   Attachments: case_2.docx