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Inter & Co, Inc. (NASDAQ: INTR; B3: INBR32), a commercial banking entity, disclosed on Tuesday that funds and non-resident investors under Banco BTG Pactual (BVMF:BPAC3) S.A. has acquired a significant equity stake in the company. According to the notification, the Brazilian financial institution now holds 18,369,952 Brazilian Depositary Receipts (INBR32), representing approximately 5.69% of Inter & Co’s total Class A Common Shares.
The purchase by BTG Pactual, which is headquartered in Rio de Janeiro, includes approximately 13,420,000 INBR32s linked to hedging activities connected to swap operations contracted by its clients, corresponding to around 4.20% of the total Class A shares.
BTG Pactual has stated that the acquisition is strictly for investment purposes and does not intend to alter the control or the administrative structure of Inter & Co. The bank also clarified that it does not aim to achieve any particular equity stake and that the economic rights associated with the shares involved in the aforementioned transactions predominantly remain with the counterparties of those operations.
Rafaela de Oliveira Vitória, Investor Relations Officer for Inter & Co, confirmed the transaction, which was officially communicated to the company on April 15, 2025. The notification is in compliance with regulatory requirements and has been filed with the United States Securities and Exchange Commission.
This development comes as part of the regular investment activities of BTG Pactual, showcasing the dynamic nature of equity holdings within the financial sector. The transaction is based on a press release statement and does not indicate any immediate strategic shifts for Inter & Co.
Investors and market observers will be watching closely to see if there are any further changes in shareholding patterns or strategic implications following this acquisition by one of the prominent players in the Brazilian financial market. With analysts forecasting profitability this year and multiple earnings upgrades, detailed insights and additional analysis are available through InvestingPro’s comprehensive research reports, which offer in-depth coverage of Inter & Co among 1,400+ US-listed companies.
In other recent news, Inter & Co has announced a reorganization of its senior management, appointing Marco Antônio Martins Araújo Filho as the Global Chief Legal Officer. This restructuring aims to enhance governance and operational efficiency across its U.S. and Brazil markets. Ana Luiza Vieira Franco Forattini will continue as General Counsel, reporting to Araújo, while Priscila Salles Vianna de Paula maintains her role focusing on customer centricity and retail. Additionally, the company has declared a dividend payment for holders of its level 2 Brazilian Depositary Receipts (BDRs). Each BDR, backed by one Class A share, will yield a dividend of R$ 0.462117256 after currency conversion and tax deductions. The payment is scheduled for March 7, 2025, following an earlier declaration of a USD 0.08 dividend per Class A share. This announcement underscores Inter & Co’s commitment to its shareholders, as stated by Rafaela de Oliveira Vitória, the Investor Relations Officer. These developments reflect the company’s ongoing efforts to streamline operations and reward investors.
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