Last checked at 26 Apr 2010 07:00
MATERIAL FACT
Banco Santander hereby announces that it has reached agreement with Banco do Brasil S.A. and Banco Bradesco S.A. for the sale to the latter two institutions of the entire stake held by Grupo Santander in the companies Companhia Brasileira de Soluções e Serviços-CBSS (15.33% of the capital), and Cielo S.A. - formerly Visanet - (7.20% of the capital).
The total sale price agreed is 200 million Reales (approximately 85.3 million euros) for the 15.33% of CBSS and 1,464 million Reales (approximately 624.3 million euros) for the 7.20% of Cielo.
The net capital gain generated for Grupo Santander is approximately 233 million euros.
The closing of the transactions is subject to final documentation, the appropriate regulatory authorizations, and in the case of the sale of Cielo, authorization from the institutions who acted as coordinators of its initial public offering in BMF & Bovespa.
Boadilla del Monte (Madrid), 25th April 2010