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Demarest assists Banco Inter in corporate reorganization

  • News
  • 19 October 2021
  • 194
  • 2 minutes read

Demarest assisted Banco Inter and Inter Platform in corporate reorganization

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Demarest assisted Banco Inter and Inter Platform in the reorganization, which will result in the migration of the shareholders of the financial institution from Minas Gerais to Inter Platform Inc.

Subject to Shareholders approval, Inter’s shares and units will no longer be traded on B3, and the bank will start trading BDRs (Brazilian Depositary Receipts) backed by Inter Platform’s assets on the Brazilian stock exchange.

Bank of America, Bradesco BBI, J.P. Morgan and Itaú BBA advised the BRL 40,000,000,000 transaction

Demarest Advogados had partners Christiano Chagas (pictured top left), João Paulo Minetto (pictured top right), José Diaz (pictured bottom left) and Thiago Giantomassi (pictured bottom right) and associate Leticia Galdino Wanderley.

Machado Meyer Advogados and Cleary Gottlieb Steen & Hamilton LLP also participated at this deal.

Amanda

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