Business News

Shareholders of Banco Inter in Brazil have approved the Nasdaq list by Reuters

© Reuters.

By Tatiana Bautzer and Gram Slattery

SAO PAULO / RIO DE JANEIRO (Reuters) – Shareholders of Banco Inter SA have agreed to transfer their listing from the Brazilian B3 stock exchange to the US Nasdaq, the Brazilian bank said in a presentation of its securities on Thursday.

Shareholders of Banco Inter will now be able to charge their shares or receive Receipts of Brazilian Deposits that can be converted into Class A shares traded on Nasdaq. The last day to choose to convert or withdraw money is December 2, said Helena Caldeira, CFO of Banco Inter.

In an interview with Reuters, Caldeira said the bank expects shareholders to demand less than 2 billion reais ($ 359.30 million) from Banco Inter units. If the amount is higher, the bank reserves the right to review the transaction and may withdraw the withdrawal price.

Banco Inter will pay 45.84 reais for each unit that its shareholders decide to charge, a 22% premium on Thursday’s closing price.

The bank decided to move its main listing site to the United States “to have more access to global capital markets and to have a larger and more diverse investor base,” it said in a previous statement on Thursday.

The Nasdaq list is expected to take effect Dec. 28, Caldeira added.

($ 1 = $ 5,5664)

Note: Fusion Media We would like to remind you that the data collected on this website is not necessarily real-time or accurate. Not all CFDs (stocks, indices, futures) and Forex prices are provided by exchanges, but by creative markets, so prices may not be accurate and may differ from actual market prices, i.e. prices are significant and not suitable for trading purposes. Therefore, Fusion Media does not assume any responsibility for any commercial losses you may suffer as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not be liable for any loss or damage as a result of relying on the information contained in the data, estimates, charts and buy / sell signals contained on this website. Please be fully informed about the risks and costs associated with trading in the financial markets, which is one of the most risky forms of investment possible.

Source link

Related Articles

Back to top button