Sunday, 28 Apr 2024

Softbank increases stake in Brazilian lender Banco Inter to 14.94%

SAO PAULO (Reuters) – Japan’s SoftBank Group Corp (9984.T) has increased its stake in Brazilian lender Banco Inter SA (BIDI4.SA) to 14.94% from 8.1%, according to a document filed by the bank on Monday.

Banco Inter also said its controlling shareholders, Rubens Menin Teixeira de Souza and Joao Vitor N. Menin, had reached a shareholder agreement with SoftBank, allowing it to appoint a board member.

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