Reuters: Regulatory News: STXNEWS LATAM-Santander Brasil approves share buyback plan through Aug. 2014

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STXNEWS LATAM-Santander Brasil approves share buyback plan through Aug. 2014 Jul 30th 2013, 10:01 Tue Jul 30, 2013 6:01am EDT The board of directors of Banco Santander Brasil SA, the nation's largest foreign lender, approved late on Monday a plan to repurchase as many as 76 million units, or 2 percent of outstanding shares, through the next 12 months. At current prices, the bank would buy back the equivalent of 1.02 billion reais ($451 million) worth of units - a blend of Santander Brasil's common and preferred stock. The repurchase plan expires at the beginning of August 2014, according to a securities filing.

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