Santander Brasil to absorb loyalty unit Esfera Fidelidade in internal merger

• Santander Brasil will absorb Esfera Fidelidade, its wholly owned loyalty-program unit, folding operations into the bank as part of a group simplification.
• The deal is slated to take effect on June 30, 2026; Esfera will be dissolved and Santander Brasil will assume all assets and liabilities.
• Esfera’s net equity was valued at BRL 1.09 billion as of April 30, 2026, based on book value.
• The transaction will not increase Santander Brasil’s capital or change its share count, since Esfera is a wholly owned subsidiary.
• Estimated execution costs are about BRL 150,000.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Banco Santander (Brasil) SA published the original content used to generate this news brief on May 28, 2026, and is solely responsible for the information contained therein.