Santander's Webmotors takes full control of Loop after Brazil clears deal
What's the deal? Brazil's antitrust regulator CADE has cleared WebmotorsDealroom has a profile for this one. Try Dealroom →, SantanderDealroom has a profile for this one. Try Dealroom →'s online car marketplace, to acquire the 49% of Loop Gestão de PátiosDealroom has a profile for this one. Try Dealroom → it did not already own. The decision was published in Brazil's Diário Oficial da União on August 6, 2026. Webmotors already held the other 51%, so the transaction takes it to full ownership.
Who's involved? Loop operates in the organisation, promotion, and auction of used vehicles — the segment known as remarketing. Its registered name refers to gestão de pátios , or yard management, the physical side of storing, inspecting, and preparing cars for sale. The seller, Estapar, part of the Allpark groupDealroom has a profile for this one. Try Dealroom →, is one of Brazil's large parking operators; the deal removes it from the venture.
Why now? Webmotors is Santander BrasilDealroom has a profile for this one. Try Dealroom →'s automotive marketplace, and Santander is among the largest vehicle-financing banks in Brazil. That makes used-car pricing data directly relevant to its credit book.
What changes? Little, day to day. CADE approved the purchase without restrictions, meaning no remedies such as divestitures were required. That is a common outcome when a buyer already controls the target, since the move alters the shareholder register more than the market itself.
The signal: The transaction shows how banks are rebuilding their automotive franchises, tying financing to the used-car pipeline. Remarketing is a volume business built on turnover, and full ownership gives Santander a tighter grip on the data and yards that feed it.
Image credit: aldenjewell
Read more: The Rio Times
