Banco Santander (Brasil) S.A. (BOVESPA:SANB4) agreed to acquire 90% stake in Apê11 Tecnologia e Negócios Imobiliários Ltda on September 2, 2021. Post completion, the executive and his entire team will continue to run the company's day-to-day activities. The transaction is subject to approval by the authorities and will involve the purchase of shares and a capital increase.

Post completion after capital increase, the stake held will be 90%. The proposal was subject to deliberation at the Annual General Meeting (AGO) to be held on April 29, 2022.