Spanish bank Santander has concluded the public offer for the acquisition of shares (OPA) of its Brazilian subsidiary Getnet, the payment company said on Thursday night (1st).
With the operation, initially announced in May, Getnet will leave the Brazilian stock exchange, as well as the North American Nasdaq, where the company’s share receipts are traded.
Getnet was listed on the stock exchange in October last year, with a market value close to R$7.3 billion. Around 10% of the company’s shares were made available to the market, while Santander maintained a stake of approximately 90%.
Getnet said that approximately 66.96% of the total shares not held by the Spanish group were sold or its shareholders expressly agreed with the company’s deregistration – the minimum was two-thirds.
The OPA was carried out by PagoNxt Merchant Solutions, a wholly owned subsidiary of Santander that controls Getnet. The offered price was R$2.36 per common or preferred share and R$4.72 per unit (an asset made up of ON and PN shares).
Getnet said that approximately 5.01% of its total share capital was sold in the OPA, including operations in Brazil and the United States.
Santander will now carry out a follow-up offer and, if less than 5% of Getnet’s shares remain in circulation, it intends to call a shareholders’ meeting to approve the redemption of these shares.
Source: CNN Brasil
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