7/102 sources · 2 publishersUpdated Nov 13, 03:44 UTC
Santander lifts offer for remaining 10% stake in Brazil unit by 5%
Banco Santander increased its proposal to buy the remaining 10% of its Brazilian subsidiary by 5%. The revised deal values the transaction at €1.9 billion (about $2.1 billion) and would create roughly 166 million new shares, about 1.1% of its equity. Santander says the acquisition will raise earnings per share by about 0.3% and tangible book value per share by roughly 0.6% starting in 2029.
Why it matters
The bank expects a modest EPS uplift of 0.3% and a 0.6% increase in tangible book value per share from 2029, which could improve valuation metrics for shareholders. However, the issuance of new shares will cause slight dilution now.
Key facts
- 1Santander lifted its offer by 5%. bloomberg.com
- 2The transaction targets the remaining 10% stake in the Brazilian business. briefs.co
- 3Deal value is €1.9 billion, equivalent to $2.1 billion, based on Wednesday's market close. briefs.co
- 4Around 166 million additional shares would be created, representing about 1.1% of Santander’s outstanding equity. briefs.co
- 5The acquisition is expected to lift earnings per share by about 0.3% beginning in 2029. briefs.co
- 6Tangible book value per share is projected to increase by roughly 0.6% from 2029. briefs.co
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.