Banco Santander announces extraordinary shareholders’ meeting
SAN•Banco Santander expects to hold an extraordinary shareholders’ meeting on December 15, 2026, to approve capital increases for its Santander Brasil offer. Full acceptance would require about 166 million new shares, or 1.1% of current share capital, with maximum consideration of about €1.9 billion; the proposed exchange ratio rose 5% to 0.4260 shares per unit or ADS before dividend adjustments.
1. Meeting and offer details
Banco Santander expects to hold an extraordinary shareholders’ meeting on December 15, 2026, to approve capital increases for its Santander Brasil offer. Full acceptance would require approximately 166 million new shares, representing 1.1% of current share capital, with maximum consideration of approximately €1.9 billion. The proposed exchange ratio rose 5% to 0.4260 shares per unit or ADS, before dividend adjustments.
