Banco Inter sets sights on tag-on acquisitions

Banco Inter sets sights on tag-on acquisitions

Capital Markets Corporate & Sovereign Strategy Equity M&A Brazil Latin America

Brazilian online lender Banco Inter plans to use some of the money it raised in a recent follow-on offering to make tag-on acquisitions over the next 12 months after agreeing this month to acquire a stake in payments processing company Granito, CFO Helena Lopes Caldeira told LatinFinance on Friday. The Belo Horizonte-based bank earned BRL1.17 billion ($217 million) from a share sale in September. On November 17, it said it had agreed to pay BRL90 million to Banco BMG for 45% Granito. It now plan

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