Banco Santander Chile Discloses Board Position on Proposed Sale of 49.99% Stake in Getnet Chile
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Banco Santander Chile's board has announced its decision regarding an offer from Getnet Payments to acquire a 49.99% stake in its subsidiary, Getnet Chile. This announcement precedes an extraordinary shareholders’ meeting scheduled for January 27, 2026, where shareholders will vote on the potential sale. The transaction could significantly impact the bank's position in the local payments market. Currently, BSAC stock holds a Hold rating with a price target of $29.00, reflecting strong profitability but concerns over revenue growth and political uncertainties.
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