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LATEST

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Emerging Markets

Santander Brasil Buyout Offers 15% Premium in Share Swap

The Rio Times · 2h ago · 🇧🇷 Brazil

Santander Brasil Buyout Offers 15% Premium in Share Swap

Brazil · Business Key Facts —Offer structure Voluntary share-exchange offer for the ~10% of Santander Brasil not owned by Spain’s Banco Santander, paid in newly issued Santander shares. —Premium and value Implies a roughly 15% premium over the prior closing price, valuing the transaction at up to about €1.9 billion (R$11 billion, ~US$2.2 billion). —Listing […] The post Santander Brasil Buyout Offers 15% Premium in Share Swap appeared first on The Rio Times .

Read the full story at The Rio Times →

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