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…