Santander seeks shareholder approval for share issuance to buy out Santander Brasil minorities
SAN•Banco Santander shareholders will vote on December 15, 2026, on capital increases to fund an exchange offer for the roughly 10% of Santander Brasil it does not own. Full acceptance would require about 166 million new shares, or 1.1% of current share capital, with maximum consideration of about EUR 1.9 billion.
1. Shareholder vote
Banco Santander shareholders are scheduled to vote at an extraordinary meeting on December 15, 2026, on capital increases for an exchange offer targeting the approximately 10% of Santander Brasil’s share capital the bank does not already own. The proposed exchange ratios have increased 5%.
2. Potential share issuance
Full acceptance would require approximately 166 million new shares, equivalent to 1.1% of current share capital, with maximum consideration of approximately EUR 1.9 billion.
