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[SITUATION] · [ACTIVE]

3 clusters · 34 sources · 15 days · First seen 15 days ago · Last updated about 11 hours ago

Categories: BUSINESS

Brazilian corporate finance developments

Entities: Banco Santander · Santander Brasil · New York Stock Exchange · Ana Botín · Santander Spain

Overview

In July 2026 Brazil’s corporate finance scene featured two notable moves. Car‑rental firm Movida posted its strongest quarterly profit in four years, with net earnings of R$ 135.6 million in Q2, revenue of R$ 4 billion, EBITDA up 22 % to R$ 1.7 billion and a net‑debt‑to‑EBITDA ratio at a five‑year low after a R$ 750 million capital injection from BNDES Par.

Also in July, Banco Santander launched a voluntary public tender offer to acquire the remaining roughly 10 % of its Brazilian subsidiary, Santander Brasil, that it does not already own. Announced on 31 July, the €1.908 billion proposal offers a 15 % premium to the reference price, with each ordinary or preferred share convertible into 0.2028 BDRs (or ADSs) and each unit into 0.4056 BDRs. Executive President Ana Botín said the deal reinforces Santander’s long‑term commitment to Brazil and is expected to lift earnings per share by about 0.5 % from 2028. The offer, made through exchange offers in Brazil and the United States, does not intend to delist the ADS and remains subject to Brazilian and U.S. regulatory approvals.

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[● 8 SOURCES] Banco Santander will launch a voluntary public tender offer to acquire all remaining shares, units and ADS of Santander Brazil. (supporting_article_ids)
[● 8 SOURCES] The offer targets approximately 10% of Santander Brazil's capital. (supporting_article_ids)
[● 8 SOURCES] The exchange ratio is 0.2028 BDR/ADS for each ordinary or preferred share and 0.4056 BDR/ADS for each unit or ADS. (supporting_article_ids)
[● 8 SOURCES] The offer includes a 15% premium over the reference price. (supporting_article_ids)
[● 8 SOURCES] The total transaction value could reach up to €1.908 billion (about R$ 11 billion). (supporting_article_ids)
[● 8 SOURCES] If all minority shareholders accept, Santander will issue about 156 million new shares, roughly 1.1% of its capital. (supporting_article_ids)
[● 8 SOURCES] The offer is voluntary and does not require a minimum acceptance threshold. (supporting_article_ids)
[● 8 SOURCES] ADS of Santander Brazil could be delisted from the NYSE and deregistered with the SEC depending on the outcome in the United States. (supporting_article_ids)

Timeline

about 11 hours ago

[BUSINESS] 9 sources
Santander Spain launches €1.9 bn offer to acquire 10% of Santander Brazil
Santander Spain filed a €1.91 bn tender to buy about 10% of minority shares in Santander Brazil, offering a 15% premium and targeting a modest EPS boost, pending regulator sign‑off.
2 days ago

[BUSINESS] 24 sources
Banco Santander launches €1.9 bn tender offer for 10% of Brazil unit
Santander proposes a voluntary €1.9 bn tender offer for ~10% of Santander Brazil, with a 15% premium, exchange ratios of 0.2028/0.4056 BDRs‑ADS and possible NYSE delisting of ADS.
15 days ago

[BUSINESS] 3 sources
Movida posts record Q2 profit and targets lower leverage
Movida posted a record Q2 net profit of R$135.6 million, gross revenue of R$4 billion and a 21% rise in rental income, while cutting its net‑debt‑to‑EBITDA ratio to 2.6×, bolstering its leverage‑reduction plan.

Sources

barq-news.com · bpmoney.com.br · brasil247.com · brasilemfolhas.com.br · braziljournal.com · cmjornal.xl.pt · combonoticias.com · cronicadecantabria.com · eco.sapo.pt · exame.com · expansion.com · finanzen.ch · finanzen.net · finanznachrichten.de · guiadoinvestidor.com.br · infomoney.com.br · jornaldebrasilia.com.br · jornaleconomico.sapo.pt · kulturogborgerhus.vallensbaek.dk · mobile.valor.com.br · moneyreport.com.br · moneytimes.com.br · neofeed.com.br · newsnreleases.com · nouvelles-du-monde.com · pipelinevalor.globo.com · rpnews.com.br · seudinheiro.com · spacemoney.com.br · sportmediaset.com · upday.com · valor.globo.com · veja.abril.com.br · viagemegastronomia.com.br

This summary has been updated 2 times: see revision history