Banco Santander (Brasil) S.A. filed a material fact update regarding the voluntary exchange offers announced by its parent, Banco Santander, S.A., to acquire all outstanding shares of Santander Brasil. The filing confirms that Banco Santander has submitted requests for registration with the Brazilian Securities and Exchange Commission (CVM), including for its foreign issuer status, Brazilian Depositary Receipts Program, and admission of BDRs to trading on B3. Additionally, the company filed a Form F-4 registration statement with the U.S. SEC, which remains pending effectiveness, and received an appraisal report from UBS BB Corretora de Câmbio for use in the transaction. Santander Brasil operates as a major banking institution in Brazil.
