Banco Santander S.A. Sponsored ADR (BME:SAN) is proposing to buy the remaining ~10% of Santander Brasil for up to €1.908B—offering 0.4056 ADS per unit at a ~15% premium and possibly issuing ~156M new shares—while its ADR is tied to a €1.4B securitization fund backed by EIB (~€476M), EIF (~€400M) and private investors.
Previous Week Recap
- Santander Bid For Brazil Stake: Banco Santander offers to buy remaining ~10% of Santander Brasil for up to €1.908B, offering 0.4056 ADS per Brasil unit (15% premium); may issue ~156M new Santander shares pending approvals.
- SAN Linked €1.4B Securitization Fund: Banco Santander S.A. Sponsored ADR (SAN) linked to a €1.4B securitization fund trading on BME; EIB to invest ~€476M and EIF ~€400M, with additional private investors.
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