Inter & Co Acquires Full Ownership of Granito

Inter & Company Incorporation Class A (INTR) has released an update.

Inter & Company Incorporation Class A, through its indirect subsidiary Banco Inter S.A., has announced the acquisition of 50% of the capital stock of Granito Instituição de Pagamento S.A., making it the sole shareholder with a complete 100% stake. The R$110 million deal aims to strengthen Inter’s position in the SME market by leveraging proprietary technology to deliver more comprehensive solutions to clients. The transaction’s completion is contingent on regulatory approvals and other conditions.

For further insights into INTR stock, check out TipRanks’ Stock Analysis page.