Santander to Buy 10% of Brazilian Unit for €1.9 Billion
Santander raised its offer to acquire a 10% stake in its Brazilian unit for €1.9 billion.
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08:25:15 AM UTC
SquawkNews
By Jesús AguadoSpanish lender Santander BME:SAN on Thursday offered to acquire the remaining stake of around 10% it does not already own in its Brazil unit BMFBOVESPA:SANB3 through a share swap for around €1.9 billion ($2.1 billion) following a 5% rise in the exchange ratio.The improved offer follo…