December 19, 2018 / 11:34 AM / a month ago

Santander Brasil pays $367 mln to up stake in Getnet

SAO PAULO, Dec 19 (Reuters) - Santander Brasil has acquired an additional 11.5 percent stake in card processor Adquirência e Serviços para Meios de Pagamento S.A. for 1.43 billion reais ($367.29 million), the bank said in a securities filing on Wednesday.

Minority shareholders Manzat Inversiones AAU SA and Guilherme Alberto Berthier Stumpf exercised an option to sell their shares to Santander Brasil.

$1 = 3.8934 reais Reporting by Carolina Mandl; editing by Jason Neely

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