SAO PAULO, Aug 14 (Reuters) - Controlling shareholders

of Brazilian payments firm Cielo concluded a 4.3

billion reais ($786 million) tender offer on Wednesday that

takes the firm private, according to Brazilian exchange operator

B3.

Lenders Bradesco and Banco do Brasil

launched earlier this year a offer to buy up to all the Cielo's

shares they do not already own, after years of speculation they

would delist the payment company.

B3 said the lender bought some 737 million shares in the

deal, from the about 902 million shares they filed to buy,

surpassing the minimum required to delist Cielo.

The banks bought the shares at 5.82 reais ($1.06) each,

which confirmed the 5.60 reais per share value

agreed to with minority

shareholders in April, but added adjustments under the

offer rules.

The tender offer settlement is expected to be finalized

on August 16.

($1 = 5.4700 reais)