Demarest Advogados assists underwriters in BRL5.5bn offering of Banco Inter’s shares
Demarest Advogados advised the underwriters on the primary public distribution of shares of Banco Inter S.A, in the total amount of R$ 5,499,999,970.00
Demarest Advogados advised Banco Bradesco BBI S.A., Banco BTG Pactual S.A., Bank of America Merrill Lynch Banco Múltiplo S.A., Banco Itaú BBA S.A., Banco J.P. Morgan S.A. and UBS Brasil Corretora de Câmbio, Títulos e Valores Mobiliários S.A, as underwriters for the primary public distribution of common shares, preferred shares and units issued by Banco Inter S.A., with restricted sales efforts, in the total amount of R$ 5,499,999,970.00.
The offering was in accordance with CVM Instruction 476. The total number of shares, including the shares underlying the units, initially offered was increased by 100%. Simultaneously with the public offering in Brazil, efforts were made by Bradesco Securities Inc., BTG Pactual US Capital LLC, BofA Securities, Inc., Itau BBA USA Securities, Inc., J.P. Morgan Securities LLC and UBS Securities LLC to place the shares and units abroad.
Demarest Advogados partners involved in the transaction were João Paulo Minetto (pictured left), José Diaz (pictured centre), Thiago Giantomassi (pictured right) and associates Leticia Galdino Wanderley, Cintia Eguchi, Felipe Tanabe, Franco Criez , Isabela Bernacchio, Maria Fernanda Archangelo.
