Banco Inter to sell additional shares

Banco Inter to sell additional shares

Capital Markets Equity Corporate & Sovereign Strategy M&A Brazil

Banco Inter plans to sell 26m common shares and 52m preferred shares in an upcoming offering in São Paulo, the bank said. The digital bank may increase the offer by 20% depending on demand, it added.  It wouldn't provide a date for the offering. The bank is expected to raise BRL1bn ($267m). Banco Inter said investors have until July 25 to reserve shares. The Belo-Horizonte-based lender will use the proceeds to “increase loan operations, invest in technology and new products, and engage in busine

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial