Santander to raise 1.9 billion in capital to take full control of its Brazilian business

FinanceInternationalLa VanguardiaNov 12, 2026, 2:29 AMAI summary

Santander will carry out a capital increase of up to 1.1% of its shares and a maximum amount of 1.9 billion euros to take full ownership of Santander Brasil. In a note sent to the CNMV, the bank said it raised the exchange ratio of its offer for the 10% it does not yet own by 5%: it will deliver 0.426 of its own shares for each first-tier share of the subsidiary and 0.213 for each ordinary share. It is its second capital increase this year, after the 3.559 billion for Webster Bank.

In 40 seconds

Capital increase of up to 1.1% of shares and a maximum of 1.9 billion euros
The deal targets 100% of Santander Brasil, of which it does not yet own 10%
The exchange ratio rose 5%: 0.426 Santander shares per first-tier share and 0.213 per ordinary share

Read the full story at La Vanguardia

IASummary generated by artificial intelligence from a story by La Vanguardia. It may contain errors: the original source prevails.

Santander
ampliación de capital
Brasil
banca
adquisiciones

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Santander to raise 1.9 billion in capital to take full control of its Brazilian business

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54% of Spanish workers who study receive funding from their company

71% of consumers bring Christmas shopping forward to save money and avoid missing products

Telefónica swings to profit with 464 million euros through September and raises 2026 guidance

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