After years of speculation, Spain’s Santander is finally taking its Brazilian subsidiary off the stock market. The share exchange offer is voluntary, so some investors may choose to hold on to their shares in the Brazilian bank. In practice, however, the transaction announced today marks the long-anticipated end of Santander Brasil’s presence on the exchange.
Santander has long been known for actively listing—and delisting—its subsidiaries around the world, earning it the nickname “trader bank.” In recent years, it delisted its Mexican unit from the local stock exchange and sold off most of its…
