Santander to Retap Agencias FII

Santander to Retap Agencias FII

Brazil Equity

Santander is preparing to reopen its fundo de investimento imobiliario (FII) fund, raising BRL354m ($179m), it says. The reopening price is set at BRL110.50 per quota, as the shares are known. The quotas closed at BRL109.35 Friday. The Santander Agencias FII is comprised of 21 properties housing operations of Santander and other banks in five different Brazilian states. The preferential offering period is scheduled for March 6-14, with remaining shares sold through the end of the month. The tran

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