MergerJun 29, 2026, 05:11 PM
Santander Brasil Shareholders Approve Esfera Merger
AI Summary
Banco Santander (Brasil) S.A. announced the consolidated remote voting results for its Extraordinary General Meeting. Shareholders overwhelmingly approved the merger of Esfera Fidelidade S.A. into the company. This included the ratification of PricewaterhouseCoopers as the appraiser, approval of the appraisal report, and the protocol and justification for the merger. Shareholders also authorized management to proceed with all necessary acts for the merger's effectiveness.
Key Highlights
- Shareholders ratified PricewaterhouseCoopers as appraiser for Esfera by 59.15M common, 59.01M preferred votes.
- Esfera Appraisal Report approved by 59.13M common and 58.99M preferred votes.
- Protocol and Justification of Esfera Merger approved by 59.13M common and 58.95M preferred votes.
- Merger of Esfera into Santander Brasil approved by 59.13M common and 59.00M preferred votes.
- Management acts for merger effectiveness approved by 59.14M common and 58.97M preferred votes.
- Request for fiscal council received 19.08M common and 19.07M preferred votes.
Price Impact
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