Santander Getnet Serviços para Meios de Pagamento S.A. completed the acquisition of GetNet Tecnologia em Captura e Processamento de Transações H.U.A Ltda. from Ernesto Corrêa da Silva.
As on April 7, 2014, Santander Getnet Serviços para Meios de Pagamento S.A. signed agreement to acquire GetNet Tecnologia em Captura e Processamento de Transações H.U.A Ltda. from Ernesto Corrêa da Silva for BRL 1.1 billion. The consideration is payable as BRL 1.02 billion is payable to sellers on closing and BRL 84 million be paid in 5 equal annual installments as of the closing date. Due to capital increase post closing of transaction, Santander Brasil will own 88.5% of the total corporate capital of Santander Getnet Serviços para Meios de Pagamento S.A. and the sellers shall be, indirectly, owners of the remaining 11.5% of the total corporate capital of Santander Getnet Serviços para Meios de Pagamento S.A. The transaction closing will will occur within 180 days as of April 4, 2014. The transaction will have no significant impact on Grupo Santander's shareholders' equity. The transaction was approved by CADE on May 19, 2014.
Santander Getnet Serviços para Meios de Pagamento S.A. completed the acquisition of GetNet Tecnologia em Captura e Processamento de Transações H.U.A Ltda. from Ernesto Corrêa da Silva on July 31, 2014.