Mergers & Acquisitions ·
Banco Santander (Brasil) S.A. announced that its controlling shareholder, Banco Santander, intends to launch voluntary…
BSBRBanco Santander (Brasil) S.A.
Banco Santander (Brasil) S.A. announced that its controlling shareholder, Banco Santander, intends to launch voluntary exchange offers in Brazil and the United States to acquire all outstanding common shares, preferred shares, units, and American Depositary Shares not already owned by the parent company. The transaction involves an exchange ratio of 0.2028 Banco Santander BDRs or ADSs for each Santander Brazil share and 0.4056 for each unit or ADS, representing a 15% premium over reference prices as of July 30, 2026. The total consideration is expected to reach up to €1,908 million, involving the issuance of approximately 156 million new shares by Banco Santander. Santander Brazil will remain listed on B3, while its ADSs may be delisted from the NYSE depending on tender results. This transaction reflects a strategic consolidation within the global banking sector.