Santander Getnet Serviços para Meios de Pagamento S.A. signed a memorandum of understanding to acquire GetNet Tecnologia em Captura e Processamento de Transações H.U.A Ltda. from Ernesto Corrêa da Silva for approximately BRL 1.1 billion on July 15, 2013. GetNet shareholders will maintain a minority stake in the business. On completion of the transaction, GetNet's activities will be grouped under the company command Santander GetNet Services, which will become a joint venture and will have new composition shareholder with 88.5 % stake in Santander Brazil and 11.5 % on behalf of the former owners of GetNet. The completion of transaction is subject to approval from Brazil's central bank and regulatory bodies. The transaction is subject to compliance with certain customary conditions including the completion of due diligence, the parties have defined the corporate structure of the transaction and the terms and conditions of the definitive agreements, the parties have obtained all necessary corporate authorizations to carry out the transaction. The transaction is subject to regulatory authorisation and will be concluded during the second half of 2014.

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.