Banco Santander Brasil Offers 525 Million Units/BRR22-BRR25
21 September 2009 - 9:22AM
Dow Jones News
Banco Santander SA (STD) said Monday that Banco Santander
(Brasil) S.A. plans to offer 525 million units at BRR22-BRR25 to
raise between BRR11,550 million and BRR13,125 million, or EUR4.34
billion-EUR4.93 billion.
MAIN FACTS:
-Banco Santander Brasil has launched a primary offer of units,
registered with the Brazilian Comissao de Valores Mobilarios and,
in unit and ADR format, with the U.S. Securities and Exchange
Commission.
-Each unit will represent 55 common shares and 50 preferred
shares of Banco Santander (Brasil) S.A.
-It is expected that the offering will be priced on Oct. 6, and
that the units will start trading on the NYSE - in ADR format - on
Oct. 7 and on BM&FBOVESPA on Oct. 8.
-The free float after the offering (not including the possible
exercise of the "green shoe" option) will be 15.6%.
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com