Announced
Financials
Tags
Friendly
Brazil
banks solutions
Banks
Acquisition
Minority
Private
banking
Domestic
Pending
Single Bidder
Synopsis
StoneCo, a fintech company, agreed to acquire a 5% stake in Banco Inter, a digital banking institution, for c. $471m. The investment will be implemented through a Follow-On Public Offering conducted by Banco Inter whereby Stone will act as a cornerstone investor at a fixed price per share of $10.8, already taking into consideration the split of Banco Inter’s shares as approved on May 20, 2021.
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