Santander increased its stake in Getnet to 100% for $367m.

Santander increased its stake in Getnet, a Brazilian card processor, to 100% for $367m. The bank acquired the remaining 11.5% from minority shareholders Manzat Inversiones AAU SA and Guilherme Alberto Berthier. The bank’s full takeover of Getnet could add fuel to already fierce competition in the card processing sector, as it could make more aggressive offers to its customers.