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BANCO SANTANDER, S.A.

(SAN)
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Delayed Bolsas y Mercados Espanoles  -  11:38 2022-07-01 am EDT
2.684 EUR   -0.15%
07/01BANCO SANTANDER S A : Registration of capital decrease (DV)
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07/01SANTANDER : RBC reaffirms its Neutral rating
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06/29Banco Santander to Redeem $5.3 Billion of Territorial Covered Bonds
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Santander may take Brazilian payments firm Getnet private, filing says

05/20/2022 | 09:29am EDT

SAO PAULO, May 20 (Reuters) - Spain's Banco Santander SA may take Brazilian payments company Getnet private seven months after the subsidiary made its trading debut on the Sao Paulo stock exchange, a securities filing showed late on Thursday.

Getnet, a direct subsidiary of Santander's PagoNxt Merchant Solutions, said its controlling shareholder intends to purchase all of the outstanding shares in the company and take it private.

The move would apply to shares and units listed in Brazil and to American Depositary Shares (ADSs) traded on the Nasdaq, Getnet said, without specifying the reasons for it.

The company, formally known as Getnet Adquirencia e Servicos para Meios de Pagamento SA, made its trading debut in October 2021 with a market value of 7.3 billion reais.

Getnet said its controlling shareholder will offer 2.36 reais per common or preferred share and 4.72 reais per unit to purchase the outstanding stocks, implying a 29.3% premium over Thursday's closing price of 3.65 reais per unit.

Shares of Getnet, which was once part of Brazil's main stock index Bovespa, have fallen 33.7% since its trading debut. (Reporting by Andre Romani; Writing by Gabriel Araujo; Editing by Paul Simao)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BANCO SANTANDER, S.A. -0.15% 2.684 Delayed Quote.-8.72%
BRAZIL IBOVESPA 0.42% 98953.9 Delayed Quote.-5.99%
GETNET ADQUIRÊNCIA E SERVIÇOS PARA MEIOS DE PAGAMENTO S.A. -1.40% 2.11 Delayed Quote.9.90%
NASDAQ COMPOSITE 0.90% 11127.85 Real-time Quote.-28.87%
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Financials
Sales 2022 49 657 M 51 651 M 51 651 M
Net income 2022 8 408 M 8 746 M 8 746 M
Net Debt 2022 - - -
P/E ratio 2022 5,41x
Yield 2022 5,49%
Capitalization 45 068 M 46 877 M 46 877 M
Capi. / Sales 2022 0,91x
Capi. / Sales 2023 0,87x
Nbr of Employees 198 204
Free-Float 96,1%
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Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 2,68 €
Average target price 3,95 €
Spread / Average Target 47,1%
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Managers and Directors
José Antonio Álvarez Álvarez Vice Chairman & Chief Executive Officer
José Antonio García Cantera Chief Financial Officer & Senior Vice President
Ana Patricia Botín-Sanz de Sautuola O'Shea Executive Chairman
Dirk Ludwig Marzluf Chief Operating & Technical Officer
Marjolein van Hellemondt-Gerdingh Group Chief Compliance Officer
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