02:59 AM EST, 11/12/2026 (MT Newswires) -- Banco Santander (SAN.MC, BNC.L) raised the exchange ratio for its proposed acquisition of the remaining 10% stake in Santander Brasil by 5%, valuing the offer at up to 1.9 billion euros. Under the revised terms, Santander Brasil shareholders will receive 0.4260 newly issued Santander shares for each unit or American Depositary Share, up from 0.4056 previously. The Spanish lender expects to issue 166 million new shares if the offer is fully accepted, according to a Thursday release. The transaction is expected to boost Santander's EPS by 0.3% from 2029. The bank plans to seek shareholder approval for the required capital increase at an extraordinary general meeting scheduled for Dec. 15.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.