M&AFinancial ServicesSIGNED
Santander Launches $1.9 Billion Offer for 10% Stake in Brazilian Unit
Value
€1.9Bn
Acquirer
Santander
Target
Santander Brazil subsidiary (10% stake)
Santander has launched a €1.9 billion offer to acquire the 10% stake it does not control in its Brazilian subsidiary. The offer includes a 15% premium and will be settled through newly issued shares, representing up to 1.1% of the bank's current share capital.
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