Banco Santander has reached an agreement with Banco do Brasil and Banco Bradesco for the sale to the latter two institutions of the entire stake held by Grupo Santander in the companies Companhia Brasileira de Solucoes e Servicos (CBSS) and Cielo.
The total sale price agreed is approximately EUR85.3m for the 15.33% of CBSS and approximately EUR624.3m for the 7.20% of Cielo.
The net capital gain generated for Grupo Santander is approximately EUR233m.
The closing of the transactions is subject to final documentation, the appropriate
regulatory authorizations, and in the case of the sale of Cielo, authorization from the institutions who acted as coordinators of its initial public offering in BMF & Bovespa.