Bank of America-Merrill Lynch, Credit Suisse, UBS and Santander are in place to underwrite the deal, with Bank of America-Merrill Lynch as the lead co-ordinator. The deal is likely to go ahead within the next three months.
The news source has quoted Alfredo Saenz, CEO of the the bank, as saying that it planned to place new shares equivalent to 15% of Banco Santander Brazil on the Brazilian stock exchange.
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