August 6, 2019 / 1:49 PM / 4 months ago

Softbank acquires 8.1% stake in Brazil's Banco Inter via share offering

SAO PAULO, Aug 6 (Reuters) - Japan’s SoftBank Group Corp has acquired a 8.1% stake in the Brazilian online lender Banco Inter SA through a share offering that concluded last week, according to a securities filing published on Tuesday.

Banco Inter raised 1.3 billion reais ($329.20 million) in a primary share offering to fund its expansion, pricing its units, comprised by one common share and two preferred shares, at 39.99 reais. SoftBank acquired 760 million reais in units. (Reporting by Carolina Mandl; Editing by Bernadette Baum)

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