September 16, 2019 / 1:13 PM / 2 months ago

Softbank increases stake in Brazilian lender Banco Inter to 14.94%

SAO PAULO, Sept 16 (Reuters) - Japan’s SoftBank Group Corp has increased its stake in Brazilian lender Banco Inter 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.

Reporting by Carolina Mandl; Editing by Edmund Blair

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