Banco Inter sticks with reorganization plans

Banco Inter sticks with reorganization plans

Equity IPO Corporate & Sovereign Strategy Capital Markets Brazil United States

Brazilian digital lender Banco Inter said Friday that it will make its "best efforts" to transfer ownership to its subsidiary Inter Platform and eventually list shares on the Nasdaq exchange in New York, according to a securities filing. More than 82% of minority shareholders had approved the reorganization plan at a meeting on November 25, "which demonstrates the merits of this proposal," Banco Inter said in the filing. The Belo Horizonte-bank had said on Thursday, however, that it would not pr

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