August 6, 2019 / 2:03 PM / 4 months ago

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

FILE PHOTO: The logo of SoftBank Group Corp is seen at the company's headquarters in Tokyo, June 30, 2016. REUTERS/Toru Hanai/File Photo

SAO PAULO (Reuters) - Japan’s SoftBank Group Corp (9984.T) has acquired a 8.1% stake in the Brazilian online lender Banco Inter SA (BIDI4.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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