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Brazil's Cade clears way for Banco Topázio stake sale to Edenred
StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go
Street Talk – Episode 69: Banks left with pockets full of cash and few places to go
Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them
Street Talk Episode 66 - Community banks tap the debt markets while the getting is good
Banco Topázio SA has gained clearance from Brazilian competition watchdog Cade to sell a 20% stake of itself to Edenred Holding Financeira, Valor Econômico reported.
Cade reportedly verified that the transaction "does not lead to competitive concerns."
The sale is now awaiting one final approval from Banco Central do Brasil, the newspaper said.