Brazil’s Banco Inter to raise US$1 billion through share offering

The bank was founded in 1994 in the city of Belo Horizonte by members of the Menin family, which owns the MRV Engenharia Group.

RIO DE JANEIRO, BRAZIL - Brazilian digital lender Banco Inter SA launched a share offering on Tuesday, June 15, to raise up to R$5.5 billion (US$1.09 billion), according to a securities filing. The price per share was set at R$57.84.

Banco Inter, formerly Banco Intermedium, is a Brazilian bank based in the city of Belo Horizonte, State of Minas Gerais. It stands out for being one of the first digital banks in Brazil, and for not charging for basic services. It is currently the main sponsor of the São Paulo Futebol Clube.

Intermedium CFI . . .

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