Banco Santander and HDI Seguros’e Establishment of Santander Auto


Pinheiro Neto and Mattos Filho, Veiga Filho, Marrey Jr e Quiroga advised on the transaction

Banco Santander (Brasil) SA and HDI Seguros SA reached a binding agreement to establish a new insurance company called Santander Auto, which will underwrite, offer and commercialize auto insurance policies through a fully digital platform.

Santander Brasil, will hold a 50% stake in Santander Auto, while HDI Seguros will hold the remaining 50%. The completion of the deal is subject to certain conditions, including regulatory approvals.

Banco Santander (Brasil) S.A. attracts deposits and offers retail, commercial and private banking, and asset management services. The bank led by Sergio Agapito Lires Rial, Conrado Engel and

Jose De Paiva Ferreira in 2016 recorded $30.4 Billion Revenues.

HDI Seguros S.A. provides personal and damage insurance products and services for companies and individuals in Brazil. The company is based in São Paulo.

Pinheiro Neto Advogados advised Banco Santander Brasil with José Luiz Homem de Mello (Picture), Raphael Palmieri Salomão, Roberto Panucci Filho and Mariana Magalhães Lobato.

Mattos Filho, Veiga Filho, Marrey Jr e Quiroga advised HDI Seguros with Thomaz del Castillo Barroso Kastrup, João Ricardo de Azevedo Ribeiro, Gustavo Gumier Motta, Mariana Cavalcanti Jardim, Mary Fukugakiuchi Hamasaki and Paula Calheiros da Costa.

Involved fees earner: Thomaz del Castillo Barroso Kastrup – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Mariana Cavalcanti Jardim – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Mary Fukugakiuchi Hamasaki – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Paula Calheiros da Costa – Mattos Filho Veiga Filho Marrey Jr & Quiroga; João Ricardo de Azevedo Ribeiro – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Gustavo Gumier Motta – Mattos Filho Veiga Filho Marrey Jr & Quiroga; José Luiz Homem de Mello – Pinheiro Neto; Raphael Palmieri Salomao – Pinheiro Neto; Roberto Panucci Filho – Pinheiro Neto;

Law Firms: Mattos Filho Veiga Filho Marrey Jr & Quiroga; Pinheiro Neto;

Clients: Banco Santander Brazil; HDI Seguros S.A. ;

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Author: Ambrogio Visconti.