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Santander Brasil SANB11 Units Surge 13% on Voluntary OPA; Reduced Liquidity Risks Loom for Investors

Banco Santander announced a voluntary exchange offer for the 10% of Santander Brasil it does not own, boosting SANB11 units by over 13%.

By Diane Cole

Published
Santander Brasil SANB11 Units Surge 13% on Voluntary OPA; Reduced Liquidity Risks Loom for Investors
CORRETOR-CARVALHO / Wikimedia Commons (CC BY-SA 3.0)

Banco Santander announced a voluntary exchange offer for the 10% of Santander Brasil it does not own, boosting SANB11 units by over 13%.

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