Santander to Dilute Shareholders up to 3.3% with Webster Deal and Brazil Stake Purchase

Banco Santander said its voluntary share‑exchange offers to acquire the remaining stake in its Brazilian subsidiary and to complete the integration of US‑based Webster will raise the total number of its shares by about 491 million. Under a maximum‑dilution scenario this would dilute existing shareholders by roughly 3.3%. The bank plans to spend €1.908 billion for the 10% stake in Santander Brazil and to finalise the previously announced Webster acquisition. Dilution could be lower if not all minority shareholders accept the offer.

Banco Sabadell disclosed that it has executed 7.55% of its new €331 million share‑repurchase programme in the first week, buying around 7.53 million shares for €25 million. The programme, which can acquire up to 10% of the bank’s capital, will run until 31 December and includes daily volume limits to avoid market disruption.