Business

Softbank increases equity stake in Banco Inter

According to the Brazilian bank, the increase in the share held by Softbank in the company is aimed "strictly at investment"

Softbank Banco Inter
Photo: Courtesy
Ler em português

Softbank purchased 4,491,600 (four million, four hundred and ninety-one thousand, six hundred) shares of Banco Inter and raised its shareholding in the Brazilian bank to 15.01%.

The agreement with the Japanese investment bank was revealed in a relevant fact disclosed by Banco Inter to the market on Monday (18).

READ ALSO: Brazil’s Qualicorp and Banco Inter to sell insurance health plans

According to Banco Inter, the increase in the share held by Softbank in the company is aimed at “strictly investment”. Also according to the statement, Softbank is not interested in making changes to Inter’s shareholding control or administrative structure.

Recently, the bank also raised R$5.5 billion in a follow-on investment that had StoneCo as an anchor investor — with a commitment to subscribe for common shares and/or units corresponding to an equity interest of up to 4.99% of the total share capital of Inter.

READ ALSO: Banco Inter: corporate reorganization to list on Nasdaq and a new deal with StoneCo

In July, Banco Inter claimed that it had hit the mark of 12 million customers in the first half of 2021, more than doubling its base compared to the same period last year.

Get the best insights about Latin America market in your inbox