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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