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An ETF Play on the Santander IPO

|Includes:BRF, EWP, EWZ, Banco Santander S.A. (SAN), V

Spanish banking behemoth Santander (STD) sold part of its Brazilian operations in the largest IPO in America since Visa (NYSE:V) and the largest ever in Brazil.

 

Santander's Brazil unit is the third-largest private bank in Brazil, with about 10% market share, and delivered about 18% of profit in the first six months of this year.

 

The bank plans to…READ MORE

Stocks: SAN, EWZ, EWP, V, BRF