trending Market Intelligence /marketintelligence/en/news-insights/trending/n5phuuw9jksacn2wbwit0q2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Brazil's Cielo unit nears completion of Stelo purchase

Banking Essentials Newsletter - November Edition

Online Brokerage Space Should Remain Rich Source Of M&A

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity


Brazil's Cielo unit nears completion of Stelo purchase

Brazil-based Cielo SA said that its subsidiary Alianca Pagamentos e Participacoes Ltda. has met all conditions to complete its acquisition of a 70% stake in Stelo SA.

Alianca Pagamentos e Participacoes now has five business days, starting from Sept. 6, to complete the deal, which is currently valued at 87.5 million Brazilian reais.

The Cielo unit already held 30% of Stelo's shares and will hold a 100% stake in the company once the deal is concluded.

Stelo offers e-commerce payment processing services.

As of Sept. 7, US$1 was equivalent to 4.06 Brazilian reais.