SAO PAULO, Aug 21 (Reuters) - Puerto Rico-based

financial technology firm Evertec ( EVTC ) will acquire a 75%

stake in Brazilian firm Tecnobank in a deal valued at 787

million reais ($143.82 million), it said in a statement on

Thursday.

Tecnobank operates a digital platform to process and

finalize car loans online.

The agreement includes an option for Evertec ( EVTC ) to purchase the

remaining 25% of Tecnobank in the future. The deal is expected

to be finalized in the fourth quarter, pending regulatory

approvals, including from Brazil's antitrust watchdog Cade.

The acquisition marks Evertec's ( EVTC ) latest strategic move in

Brazil, deepening the company's push into Latin America's

largest economy. In 2023, the firm also acquired Brazilian

software companies Sinqia and PaySmart.

($1 = 5.4720 reais)