O Santander Bank 🇧🇷SANB11) announced the sale of stakes held by subsidiaries of Santander Brasil, representing 50% of the share capital of Banco PSA Finance Brasil and another 50% of the share capital of PSA Corretora de Seguros e Serviços.
The brokerage was sold to Stellantis Services, which will become the company’s sole shareholder.
The bank no longer has the Santander as a shareholder and now has Banque PSA Finance as the sole holder of the assets.
The transaction values were not disclosed.
The conclusion of the purchase is still subject to the fulfillment of certain precedent conditions usual in similar transactions.
Check out Santander’s ad:
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Source: Moneytimes
I am an author and journalist with a focus on market news. I have worked for a global news website for the past two years, writing articles on a range of topics relating to the stock market. My work has been published in international publications and I have delivered talks at both academic institutions and business conferences around the world.
