Santander takes full stake in payroll lender in Brazil

Santander takes full stake in payroll lender in Brazil

M&A Loans Equity Brazil Europe

Santander said it has agreed to pay BRL1.6 billion ($390 million) to buy out Banco BS2 and take fuill control of the payroll loans business Banco Olé Bonsucesso Consignado.  BS2, formerly known as Banco Bonsucesso, holds 40% of Olé through a holding

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial