Santander plans share exchange offer for remaining 10% stake in Santander Brazil, valuing deal at up to EUR 1.91 billion

Reuters2026/07/30 21:37

By:Reuters

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Banco Santander plans a share-for-share exchange offer for the roughly 10% of Santander Brazil it does not already own.
Offer implies a 15% premium to the reference price, with total consideration of up to EUR 1.91 billion.
Holders would receive 0.4056 new Banco Santander shares per Santander Brazil unit or ADS, 0.2028 per common or preferred share.
Full take-up would require issuing about 156 million new shares, equal to roughly 1.1% of current share capital.
Santander Brazil would remain listed in São Paulo; its NYSE ADS listing could be discontinued depending on tender results.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Banco Santander SA published the original content used to generate this news brief on July 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Santander plans share exchange offer for remaining 10% stake in Santander Brazil, valuing deal at up to EUR 1.91 billion

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