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)