Santander Brasil says Banco Santander seeks BDR listing on B3 as exchange offer advances
SAN•US filing and appraisal report
In the US, Banco Santander filed a Form F-4 for the related exchange offer; the registration is not yet effective.
UBS BB delivered an appraisal report for use in the Brazilian exchange offer.
Exchange offer and BDR listing progress
Santander Brasil said Banco Santander has made progress on its exchange offers tied to a planned B3 listing of Banco Santander BDRs.
Banco Santander filed to register as a foreign issuer in Brazil, supporting a new BDR program and secondary market trading.
An admission request was also submitted for the BDRs to begin trading on B3, alongside the Brazilian exchange offer registration filing.
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