On May 14, 2021, Banco Santander has subscribed a
capital increase in the company Landcompany 2020, S.L.
(formerly Landmark Iberia, S.L.) through a non-monetary
contribution of land for a total amount of EUR 21 million,
reaching a participation percentage of 17.66%.
In June 2021, the companies PagoNxt Merchant
Solutions, S.L. (formerly Santander Merchant Platform
Solutions, S.L.), Grupo Empresarial Santander, S.L. and
Sterrebeck B.V. drafted two partial spin-off projects
pursuant to which the spun-off companies (Grupo
Empresarial Santander, S.L. and Sterrebeck B.V.) transfer
en bloc and by universal succession a part of their assets
consisting of all the shares representing the share capital
of Getnet Adquirência e Serviços para Meios de
Pagamento S.A. (Getnet Brasil) of its ownership to the
beneficiary company (PagoNxt Mechant Solutions, S.L.).
This has led to a capital increase in PagoNxt Merchant
Solutions, S.L. and a decrease in Grupo Empresarial
Santander, S.L. and Sterrebeck B.V. for amounts of EUR
141 million and EUR 264 million, respectively. The Bank,
as shareholder of the spun-off companies, has received
shares of PagoNxt Merchant Solutions, S.L.
On the other hand, throughout the 2021 financial year,
Banco Santander has made various monetary
contributions to the equity of the company PagoNxt, S.L.
(formerly Santander Digital Businesses, S.L.) amounting
EUR 407 million. Likewise, during the 2021 financial year
it has also subscribed non-monetary contributions to this
company for a total of EUR 510 million, through the
contribution of its participation in the following
companies: EUR 215 million by Getnet Europe, Entidad
de Pago, S.L. (formerly Santander España Merchant
Services, Entidad de Pago, S.L.) and EUR 295 million for
PagoNxt Merchant Solutions, S.L. (formerly Santander
Merchant Platform Solutions, S.L.).
In July 2021, the Bank proceeded to purchase the
remaining 8% of its stake in Parque Solar Páramo, S.L.
for an amount of EUR 6 million, transferring it from the
portfolio of investments in joint ventures to the portfolio
of investments in subsidiaries (see note 13.c.).
Subsequently, this interest was transferred to the
heading 'Non-current assets held for sale', due to
Management's intention to sell them during the year
(see note 12).
On July 5, 2021, the merger by absorption of Santander
Global Operations, S.A. was signed (absorbed company)
by Santander Global Tecnhnology, S.L. (absorbing
company), with dissolution without liquidation of the
absorbed company and en bloc transfer of its assets to
the absorbing company. The new company resulting
from the merger is renamed Santander Global
Technology and Operations, S.L.
On October 21, 2021, within the process of rationalizing
and optimizing the corporate structure of Grupo
Santander, a segregation project was signed by virtue of
which Banco Santander has segregated the autonomous
economic unit that integrates the branch management
business empty bank offices, with closure project or
leased to third parties not linked to the banking activity
of Banco Santander (split company), including the
contracts linked to them and the employees currently in
charge of their management, in favor of a newly creation
called Retail Company 2021, S.L.U (beneficiary
company). The amount of the segregation has risen to
EUR 262 million.
On December 7, 2021, within the framework of the
Public Offer for the Acquisition of shares of Banco
Santander México, S.A., Institución de Banca Múltiple,
Grupo Financiero Santander México, for up to all of the
Series B shares representing the capital stock, Banco
Santander has acquired 4.51% of the shares of said
company, both in Mexico and in the United States. This
has meant a disbursement of EUR 343 million, including
the expenses of the operation.
On December 16, 2021, the deed of merger by
absorption by the Bank of the companies Popular Spain
Holding de Inversiones, S.L.U. (formerly Allianz Popular,
S.L.), Santander Investment I, S.A.U. and Administration
of Bancos Latinoamericanos Santander, S.L.,
incorporating, among other assets, the companies
Ablasa Participaciones, S.L. and Banco Santander de
Negocios Colombia. The net amount registered under
this heading for this operation was EUR 223 million, with
a credit in reserves of EUR 1,039 million.
Also, throughout the 2021 financial year Banco
Santander has subscribed capital increases and made
partner contributions, the most relevant being: EUR 274
million euros to Tresmares Santander Direct Lending,
SICC, S.A., EUR 170 million to Open Bank, S.A., EUR 161
million to Open Digital Services, S.L., EUR 96 million to
Deva Capital Holding Company, S.L. and EUR 62 million
to Santander Fintech Holdings, S.L.
On January 31, 2020, Banco Santander proceeded to
transfer to this heading 100% of its stake in Popular
Spain Holding de Inversiones, S.L.U. (formerly Allianz
Popular, S.L.) amounting EUR 834 million (see note
13.a.ii). Next, on 28 April 2020, Popular Spain Holding de
Inversiones, S.L.U. approved a refund of the issuance
premium of EUR 292 million to Banco Santander by
transferring a credit right derived from the deferred price
of two contracts for the sale of shares.
Banco Santander also made a contribution to their own
funds of SAM Investment Holdings, S.L. for the same
amount, by the assignment of the said right.
On May 8, 2020, Banco Santander signed two successive
capital increases by Landcompany 2020, S.L. (before
Landmark Iberia, S.L.) through non-cash contributions of
land totaling EUR 33 million, reaching a share rate of
17.22%.
On June 30, 2020, the sole partner of Investments
Capital Global, S.A.U. approved a partial distribution of
the shared premium, which has meant a decrease Banco
Santander´s share in the company of EUR 67 million.