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Brazil Cielo's controlling shareholders reach agreement to lift tender offer price
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Brazil Cielo's controlling shareholders reach agreement to lift tender offer price
Apr 2, 2024 4:27 AM

SAO PAULO, April 2 (Reuters) - The controlling

shareholders of Brazilian payments firm Cielo have

reached an agreement with some minority shareholders to raise

the price of a tender offer to take the company private,

according to a securities filing on Tuesday.

Under the agreement, lenders Banco do Brasil and

Bradesco have committed to raise the offer price to

5.6 reais per share from 5.35 reais per share.

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