Getnet to get out of stock market

Getnet to get out of stock market

Equity Capital Markets Technology Digital Payments Brazil Spain United States

The Brazilian branch of Spanish bank Santander has decided to repurchase shares in merchant payments platform Gertnet and remove the company from the stock market, according to a securities filing. PagoNxt Merchant Solutions, a subsidiary of Santander Brasil, has offered to pay BRL4.72 ($0.97) per unit, or BRL2.36 per share, on the B3 exchange in São Paulo, equal to $1.91 for every American depositary share (ADS) on the Nasdaq in New York. It has also added a dividend of BRL0.42 per unit, Getnet

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