started · updated
Santander launches €1.9bn exchange offer to acquire remaining 10% of Santander Brazil
Banco Santander announced a voluntary public exchange offer to acquire the approximately 10 % of Santander Brazil that remains in the hands of minority shareholders. The maximum consideration is €1.908 billion, paid entirely with newly issued Banco Santander shares. The proposal includes a 15 % premium on the reference price of each unit, and shareholders who accept will receive 0.4056 new Banco Santander shares for each unit or ADS and 0.2028 shares for each ordinary or preferred share. If fully accepted, about 156 million new shares – roughly 1.1 % of the group’s capital – will be issued, with a neutral impact on the group’s capital ratio and an expected earnings‑per‑share uplift of about 0.5 % from 2028. The offer is voluntary, has no minimum acceptance condition and does not aim to delist Santander Brazil, which will stay listed on the São Paulo exchange and may remain on the New York Stock Exchange. Market reaction was strong: Santander Brazil units (SANB11) jumped more than 13 % on the B3, contributing to a 3.47 % rise in the Ibovespa for July. The transaction awaits shareholder approval and regulatory clearance.
Entities
American Depositary Shares (ADS) · Ana Botín · B3 · Banco Santander · Brazilian Depositary Receipts (BDR) · Euro · New York Stock Exchange · SANB11 · Santander Brazil · Santander Spain · São Paulo Stock Exchange (B3)
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 27 SOURCES] Banco Santander proposes to acquire approximately 10 % of Santander Brazil’s share capital for up to €1.908 billion. www.brasilemfolhas.com.br · combonoticias.com · cronicadecantabria.com · thecorner.eu · www.finanzen.ch · +22 more
- [● 27 SOURCES] The offer includes a 15 % premium over the reference price of Santander Brazil units. www.brasilemfolhas.com.br · combonoticias.com · cronicadecantabria.com · thecorner.eu · www.finanzen.ch · +22 more
- [● 18 SOURCES] Executive chair Ana Botín said Brazil is a core market with strong long‑term fundamentals and that the deal reflects Santander’s disciplined capital allocation and long‑term commitment to Brazil. www.brasilemfolhas.com.br · combonoticias.com · cronicadecantabria.com · thecorner.eu · www.finanzen.ch · +13 more
- [● 27 SOURCES] The transaction is expected to be neutral to Santander’s capital ratio while increasing earnings per share by about 0.5 % from 2028. www.brasilemfolhas.com.br · combonoticias.com · cronicadecantabria.com · thecorner.eu · newsnreleases.com · +22 more
- [● 27 SOURCES] If fully accepted, about 156 million new Banco Santander shares (~1.1 % of capital) will be issued. www.brasilemfolhas.com.br · combonoticias.com · cronicadecantabria.com · thecorner.eu · www.finanzen.ch · +22 more
- [● 27 SOURCES] The offer is voluntary and does not include a minimum acceptance condition. www.brasilemfolhas.com.br · combonoticias.com · cronicadecantabria.com · thecorner.eu · www.finanzen.ch · +22 more
- [● 27 SOURCES] Shareholders who accept will receive 0.4056 new Banco Santander shares per unit or ADS and 0.2028 per ordinary or preferred share. www.brasilemfolhas.com.br · combonoticias.com · cronicadecantabria.com · thecorner.eu · www.finanzen.ch · +22 more
- [● 20 SOURCES] Santander Brazil will remain listed on the São Paulo exchange and may stay on the New York Stock Exchange, though the ADS could be removed depending on the outcome. combonoticias.com · cronicadecantabria.com · thecorner.eu · www.finanzen.ch · newsnreleases.com · +15 more
- [● 9 SOURCES] SANB11 units rose about 13 % on the B3 after the announcement. bpmoney.com.br · www.infomoney.com.br · www.moneytimes.com.br · veja.abril.com.br · ipatingafc.com.br · +4 more
- [● 18 SOURCES] Depending on the outcome, Santander Brazil’s ADS could be removed from the New York Stock Exchange. www.brasilemfolhas.com.br · combonoticias.com · cronicaeconomica.com · bmcnews.com.br · cronicadecantabria.com · +13 more