Davis Polk advised Banco Santander (Brasil) S.A. in connection with an SEC-registered secondary offering by Qatar Holding LLC, as selling shareholder, of 80,000,000 units. The global offering was comprised of an international offering conducted by the international underwriters in the United States and elsewhere outside Brazil, and a Brazilian offering. In the international offering 58,000,000 units were offered in the form of American depositary shares, each of which represents one unit. In the Brazilian offering, 22,000,000 units were offered. The ADSs are listed on the New York Stock Exchange under the symbol “BSBR.”

Santander Brasil is the third-largest among the privately owned banks in Brazil in terms of assets, with operations in commercial banking and wholesale banking. Santander Brasil is a member of the Santander Group, the largest bank in the euro zone. The Santander Group operates principally in Spain, the United Kingdom, other European countries, Brazil and other Latin American countries and the United States, offering a wide range of financial products. In Latin America, the Santander Group has majority shareholdings in financial institutions in Argentina, Brazil, Chile, Mexico, Peru, Puerto Rico and Uruguay.

The Davis Polk corporate team included partner Nicholas A. Kronfeld, counsel Katia Brener and associates Julia Danforth, Lourenço Lopes-Sabino and Zoey Yi. Partner Po Sit and associate Mahalia S. Burford provided tax advice. Counsel Sarah E. Kim and associate Jennifer Wang provided 1940 Act advice. Members of the Davis Polk team are based in the New York and São Paulo offices.

Copy link to share post