07:25 AM EDT, 08/21/2025 (MT Newswires) -- Evertec ( EVTC ) said in a regulatory filing Thursday that it has agreed to acquire a controlling stake in Brazilian fintech vendor Tecnobank Technologia Bancaria through its Evertec Brasil Informatica subsidiary.

The company said it plans to acquire around 7.6 million shares of Tecnobank for 787 million Brazilian reals ($144 million). Following the completion of the transaction, Evertec Brasil will hold a 75% stake in Tecnobank.

The deal, which is set to close in Q4, is expected to be funded with the company's existing liquidity.