StoneCo to acquire a 5% stake in Banco Inter for c. $471m.

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.