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Santander Brasil expects to public list Getnet on Brazil's B3 and Nasdaq by the end of 2021

The bank stated that it intends to request authorization from the Brazil's Central Bank for the spin-off of Getnet by April 2

Photo: REUTERS/Amanda Perobelli
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  • In a presentation to the market, the institution stated that it intends to request authorization from the Central Bank for the spin-off of Getnet by April 2;
  • Santander Brasil also predicted that Getnet will be listed on Brazil’s B3 and Nasdaq between the third and fourth quarters of this year.

Banco Santander Brasil announced on Friday the intended timetable for the spin-off and listing on its card unit, Getnet. In a presentation to the market, the institution stated that it intends to request authorization from the Brazilian Central Bank for the spin-off of Getnet until April 2 and request the IPO to the Brazilian Securities and Exchange Commission (CVM) on the 19th of the same month.

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Santander Brasil also predicted that Getnet will be listed on B3 and Nasdaq between the third and fourth quarters of this year.

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