Banco Santander Brasil SA has reached an agreement to sell its financial startup Superdigital to a European subsidiary of Spain’s Banco Santander SA for 270 million reais ($61.53 million), according to a filing on Friday.
The Brazilian unit said that after the sale, the Spanish group plans to launch Superdigital virtual wallets in more countries. Superdigital, which was acquired by Santander Brasil in 2017, has 1.9 million accounts.
Copyright © 2024 M&A Critique!. All pages of the Website are subject to our terms and conditions and privacy policy. You must not reproduce, duplicate, copy, sell, resell or exploit any material on the Website for any commercial purposes.We have made a sincere effort to ensure that all photographs used on this website are either freely available in the public domain or used with permission. If you believe your work is being used inappropriately, please let us know and we will address the matter immediately.
[ultimatemember form_id=140]
WhatsApp us