Evertec to buy 75% stake in Brazil's Tecnobank for about $144 million
Evertec's Brazilian subsidiary signed an agreement to buy 7,628,470 common shares of Tecnobank Tecnologia Bancária S.A. for R$787 million, about $144 million at current exchange rates, subject to customary adjustments. After closing, Evertec would hold a 75% ownership stake on a fully diluted basis, funded with existing liquidity. The deal is expected to close in the fourth quarter of 2025, subject to conditions including approval from Brazil's antitrust authority, CADE.
Key points
- Purchase price of R$787 million (about $144 million at current exchange rates) for 7,628,470 Tecnobank common shares, subject to customary adjustments
- Evertec would hold a 75% ownership stake in Tecnobank on a fully diluted basis after closing
- Expected to close in the fourth quarter of 2025, subject to CADE approval and other customary conditions
- Agreement can be terminated if the deal is not completed within six months of signing, with an automatic two-month extension if only CADE approval is outstanding
The filing
Written by AI on Nov 8, 2026, 1:55 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 21, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.