The Spanish parent company of Santander Brasil has announced a voluntary Public Acquisition Offer (OPA) to acquire the remaining 10% stake in its Brazilian subsidiary that it does not already own. The transaction, valued at up to €1.9 billion (approximately R$ 11.2 billion), targets all outstanding shares, including SANB11 Units on the B3 exchange and American Depositary Shares (ADSs) traded under the ticker BSBR in New York. The offer provides a 15% premium over the July 30 closing price of R$ 25.25 per Unit, setting the implied offer price at R$ 29.04 via a share swap of newly issued shares of the Spanish parent company.