Santander Brasil to Pay $490 Million for Card Processor

Santander Brasil SA, the Brazilian unit of Spain’s biggest lender, agreed to acquire Getnet Tecnologia em Captura e Processamento de Transacoes H.U.A.H. SA for 1.1 billion reais ($490 million) to expand in the card payment-processor business.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.