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

5.60 reais per share from 5.35 reais per share.

Banco do Brasil and Bradesco, together with their shared

holding company Grupo Elopar, launched a tender offer in

February to take Cielo private. Minority shareholders at the

time said the company would need to get a new valuation for the

deal to go forward.

As part of their latest agreement, however, asset managers

who together hold about 7% of Cielo agreed to vote against

getting a new valuation.