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Santander Exchange Offer Forces Brazilian Shareholders to Choose Global Exposure

Spanish bank Banco Santander is advancing a voluntary offer for the 10% of Santander Brasil it does not own, asking minority investors to swap local shares for BDRs of the global entity.

By Diane Cole

Published
Santander Exchange Offer Forces Brazilian Shareholders to Choose Global Exposure
Photo by Uriel Pacheco on Pexels

Spanish bank Banco Santander is advancing a voluntary offer for the 10% of Santander Brasil it does not own, asking minority investors to swap local shares for BDRs of the global entity.

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