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Santander Spain Offers 15% Premium in €1.9B Exchange Offer for Santander Brasil (SANB11) Minority Shares

Santander Spain launched a voluntary tender offer for 10% of SANB11 shares, offering a 15% premium to swap them for BDRs/ADSs of the parent company.

By Marcus Wright

Published
Santander Spain Offers 15% Premium in €1.9B Exchange Offer for Santander Brasil (SANB11) Minority Shares
Source: Banco Santander / Wikimedia Commons (Public domain)

Santander Spain launched a voluntary tender offer for 10% of SANB11 shares, offering a 15% premium to swap them for BDRs/ADSs of the parent company.

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