Santander is improving the terms of its planned offer to acquire the remaining 10% stake it does not own in its Brazilian unit. The revised exchange ratio is 5% higher, and the deal could lead the Spanish lender to issue about 166 million new shares worth up to 1.1% of its current share capital.
Highlights
- Santander raised the exchange ratio for its offer to acquire the outstanding minority stake in its Brazil unit, now valuing the deal at about 1.9 billion euros.
- If fully accepted, the offer would lead Santander to issue approximately 166 million new shares, representing about 1.1% of its existing share capital.
- Santander plans to seek shareholder approval for related capital increases at an extraordinary general meeting on December 15, 2026, with the transaction structured as a share-based offer.
Revised offer terms and shareholder vote
As reported by Reuters, Santander says the higher exchange ratio applies to its intended offer for the outstanding minority stake in its Brazil business.If the offer is fully accepted, the bank would issue about 166 million new shares, equivalent to roughly 1.1% of its existing share capital. Santander says the maximum consideration is about 1.9 billion euros, based on Wednesday's closing market price.
Capital increase plan and deal implications
Santander says it will ask shareholders to approve the related capital increases needed to settle the offer. The bank expects to hold an extraordinary general shareholders' meeting on December 15, 2026.The move would further simplify Santander's ownership structure in Brazil by bringing the unit closer to full control. Brazil remains a key market for the group, and the transaction is structured as a share-based offer rather than a cash acquisition.
As highlighted earlier, post-election selling pressure sent the Ibovespa Index down sharply, underscoring Brazil market volatility.
Latest Santander News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
