Brazil’s CADE Clears Santander’s Webmotors Taking Full Control of Loop

Business: São Paulo

Brazil’s antitrust regulator CADE cleared, without restrictions, Santander’s Webmotors buying Estapar’s 49% of Loop, giving the bank’s auto platform full control of the used-vehicle remarketing business.

A Clean Antitrust Approval

Brazil’s Administrative Council for Economic Defense (CADE) approved without restrictions the acquisition by Santander’s Webmotors of the stake in Loop held by parking operator Estapar.

The decision, published in the official gazette, raised no competition concerns.

What Changes Hands

Webmotors is buying Estapar’s 49% of Loop, lifting its stake to 100% after already holding 51% of the business.

Loop operates in the organisation, promotion and auction of used vehicles, a fast-growing corner of Brazil’s auto market.

Why Santander Wants It

Full control folds Loop more tightly into Santander’s auto ecosystem, which spans the Webmotors marketplace and vehicle financing.

Owning the remarketing channel gives the bank more of the used-car value chain, from listing to auction.

A Smaller but Telling Deal

The transaction is modest next to Brazil’s headline M&A, but it fits a pattern of banks building digital, asset-light platforms around lending.

Clean approvals like this one keep such consolidation moving without regulatory friction.

What to Watch

With full ownership, attention turns to how Santander integrates Loop and scales the auction business.

The deal adds to a steady flow of approvals shaping Brazil’s auto-retail and fintech landscape.

Sources: CADE, Exame, Webmotors.

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