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Brazil finance: Movida profit, Santander Brazil offer

Updated 3 times since CLSTR started tracking revisions of this situation.

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2026-07-31 04:50 UTC → 2026-07-31 13:31 UTC · added removed

Brazilian corporate finance developments Brazil finance: Movida profit, Santander Brazil offer

In July 2026 Brazil’s corporate finance scene featured two notable moves. Car‑rental firm sector saw Movida posted post its strongest quarterly profit in four years, with net earnings of R$ 135.6 million in Q2, million, revenue of R$ 4 billion, EBITDA up 22 % to R$ 1.7 billion and a five‑year‑low net‑debt‑to‑EBITDA ratio at a five‑year low after a R$ 750 million capital injection from BNDES Par. Also in July, The same month Banco Santander launched a voluntary public tender exchange offer to acquire the remaining roughly 10 % of its Brazilian subsidiary, Santander Brasil, that it does not already own. Announced on 31 July, the for €1.908 billion proposal offers billion, 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 premium. The transaction would issue about 156 million new Banco Santander shares—around 1.1 % of the deal reinforces Santander’s long‑term commitment to Brazil and group’s capital—and is expected to lift be neutral to the group’s capital ratio while lifting earnings per share by about 0.5 % and tangible book value per share by roughly 0.6 % from 2028. The offer, made through exchange offers in Brazil and the United States, offer does not intend aim to delist the ADS and remains subject to Brazilian unit, which will remain listed on the São Paulo exchange and U.S. may continue trading on the New York Stock Exchange pending regulatory approvals. approval.

Versions

  1. 2026-07-31 13:31 UTC Brazil finance: Movida profit, Santander Brazil offer
  2. 2026-07-31 04:50 UTC Brazilian corporate finance developments
  3. 2026-07-31 02:03 UTC Brazilian corporate finance developments
  4. 2026-07-31 00:12 UTC Brazilian corporate finance developments

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