Softbank acquires 8.1% stake in Brazil’s Banco Inter via share offering

Industry:    2019-08-07

Japan’s SoftBank Group Corp has acquired a 8.1% stake in the Brazilian online lender Banco Inter SA through a share offering that concluded last week, according to a securities filing published on Tuesday.

Banco Inter raised 1.3 billion reais ($329.20 million) in a primary share offering to fund its expansion, pricing its units, comprised by one common share and two preferred shares, at 39.99 reais. SoftBank acquired 760 million reais in units.

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