SECURITIES AND EXCHANGE COMMISSION
Commission File Number: 001-34476
Bloco A – Vila Olimpia
São Paulo, SP 04543-011
Federative Republic of Brazil
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BANCO SANTANDER (BRASIL) S.A.
Taxpayer’s ID (“CNPJ”): 90.400.888/0001-42
Company Registry (“NIRE”): 35.3.00332067
Authorized Public Company
ANNOUNCEMENT
BANCO SANTANDER (BRASIL) S.A. (“Santander Brasil”) hereby announces to the market that, continuing the announcement made on July 24, 2015, and after the fulfilment of the applicable conditions precedent, which included obtaining the appropriate regulatory authorizations, the association formed in Brazil between Santander Brasil and Banque PSA Finance (“Banque PSA”) to locally offer a range of financial and insurance products to consumers and distributors of the PSA brands (Peugeot, Citroën and DS) started to operate on August 1st, 2016.
This association is within the scope of the partnership entered into between Banque PSA and Santander Consumer Finance in Europe and its main vehicle in Brazil will be Banco PSA Finance Brasil S.A., held fifty per cent (50%) by Aymoré Crédito, Financiamentos e Investimentos S.A, wholly owned subsidiary of Santander Brazil, and fifty per cent (50%) by Banque PSA. The transaction also contemplates the acquisition by Santander Brasil of PSA Finance Arrendamento Mercantil S.A. and of fifty percent (50%) of PSA Corretora de Seguros e Serviços Ltda., entity of PSA Group in Brazil dedicated to local distribution of insurance products.
The association adds to the distribution channels Santander Brasil the network of distributors of the PSA Group in Brazil for the offering of financial and insurance products, especially in the vehicle-financing sector.
São Paulo, August 1, 2016.
Angel Santodomingo
Investor Relations Officer
Banco Santander (Brasil) S.A. | ||
By: | /S/ Amancio Acurcio Gouveia | |
Amancio Acurcio Gouveia Officer Without Specific Designation | ||
By: | /S/ Carlos Rey de Vicenti | |
Carlos Rey de Vicenti Vice - President Executive Officer |