---
title: "Banco Santander Plans to Launch Tender Offers to Acquire Rest of Santander Brazil's Shares"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294425978.md"
description: "Banco Santander plans to launch voluntary tender offers in the U.S. and Brazil to acquire approximately 10% of Santander Brazil's outstanding shares it does not already own, with a maximum consideration of €1.91 billion ($2.2 billion). The offer includes a 15% premium and aims to simplify the group while reinforcing commitment to Brazil. It is accretive to EPS and capital neutral. While not seeking delisting, Santander Brazil's ADSs may be removed from the NYSE depending on results."
datetime: "2026-07-30T23:08:25.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294425978.md)
  - [en](https://longbridge.com/en/news/294425978.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294425978.md)
generator: "portal-rs"
---

# Banco Santander Plans to Launch Tender Offers to Acquire Rest of Santander Brazil's Shares

By Elias Schisgall

Banco Santander said it plans to launch tender offers to buy the rest of Santander Brazil's outstanding stock that it doesn't already own. 

The tender offers, in the U.S. and Brazil, represent about 10% of Santander Brazil's share capital, Banco Santander said. The offers will have a maximum total consideration of about 1.91 billion euros (about $2.2 billion). 

Banco Santander offered to issue .4056 shares for each unit or American Depositary Share of Santander Brazil, and .2028 shares for each common or preferred share of Santander Brazil. Shares will be delivered as ADSs or Brazilian Depositary Receipts as applicable. 

The offer represents a 15% premium to the reference share price of a Santander Brazil unit as of Thursday, Banco Santander said. It will issue a maximum of about 156 million new shares if all outstanding Santander Brazil shares are tendered. 

The offer is voluntary and does not seek to delist Santander Brazil, Banco Santander said. But depending on the results of the offer, Santander Brazil's ADSs may be delisted from the New York Stock Exchange. 

Banco Santander Executive Chair Ana Botin said the offer will be accretive to earnings per share while remaining capital neutral. 

"Brazil is one of Santander's core markets, with strong long-term fundamentals, a large and growing customer base and significant opportunities for profitable growth," she said. "This transaction is a further step in our strategy of simplifying the group, while reinforcing our long-term commitment to Brazil." 

Write to Elias Schisgall at elias.schisgall@wsj.com 

(END) Dow Jones Newswires

July 30, 2026 18:54 ET (22:54 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

### Related Stocks

- [BSBR.US](https://longbridge.com/en/quote/BSBR.US.md)
- [SAN.US](https://longbridge.com/en/quote/SAN.US.md)
- [BNC.UK](https://longbridge.com/en/quote/BNC.UK.md)
- [BNC.US](https://longbridge.com/en/quote/BNC.US.md)
- [BNCWW.US](https://longbridge.com/en/quote/BNCWW.US.md)
- [VAPEW.US](https://longbridge.com/en/quote/VAPEW.US.md)
- [VAPE.US](https://longbridge.com/en/quote/VAPE.US.md)
- [CEADW.US](https://longbridge.com/en/quote/CEADW.US.md)
- [CEAD.US](https://longbridge.com/en/quote/CEAD.US.md)

## Related News & Research

- [Steamboat Capital Partners LLC Sells 299,834 Shares of Banco Santander, S.A. $SAN](https://longbridge.com/en/news/298435668.md)
- [Banco Santander Brasil director Oscar Rodriguez Herrero files initial beneficial ownership statement](https://longbridge.com/en/news/297831740.md)
- [Banco Santander Brasil Files Interim 2026 Results Amid Volatile Global Backdrop](https://longbridge.com/en/news/297697860.md)
- [Banco Santander Brasil officer Marcos Jose Maia da Silva buys common shares worth USD 43,356.24](https://longbridge.com/en/news/297699862.md)
- [Labcorp buys MLM Medical Labs](https://longbridge.com/en/news/298332531.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**