Tender to take Brazilian payments firm Cielo private set for August-March 2024-www.financetom.com

Tender to take Brazilian payments firm Cielo private set for August

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Tender to take Brazilian payments firm Cielo private set for August

Jul 10, 2024 5:48 PM

SAO PAULO, July 10 (Reuters) - The controlling

shareholders of Brazilian payments firm Cielo gave

formal public notice on Wednesday for their plan to delist the

company and move its ownership into private hands, according to

a securities filing.

The plan has already received needed approvals.

The filing noted that lenders Banco do Brasil and

Bradesco intend to buy all Cielo shares they do not

already own in a tender offer scheduled for August 14.

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