Santander plans share-swap offer for remaining Santander Brasil free float, values deal at up to EUR 1.91 billion

Reuters2026/07/30 21:43

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Banco Santander plans share-swap offers to buy the roughly 10% of Santander Brasil it does not already own.
Holders tendering shares, units, or ADSs would receive Banco Santander BDRs in Brazil or Banco Santander ADSs in the US.
Exchange ratio set at 0.2028 Banco Santander BDRs/ADSs per common or preferred share, 0.4056 per unit or Santander Brasil ADS.
Proposed terms imply a 15% premium, based on July 30, 2026 closes of EUR 12.25 for Banco Santander shares, R$ 25.25 per unit.
Transaction size capped at about EUR 1.91 billion, implying issuance of about 156 million new Banco Santander shares, about 1.1% of current capital.

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 (Brasil) 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-swap offer for remaining Santander Brasil free float, values deal at up to EUR 1.91 billion

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