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CADE clears Totvs’s acquisition of 72pc stake in Ciashop

( January 17, 2014, 09:53 GMT | Official Statement) -- MLex Summary: Brazil’s antitrust regulator CADE has approved plans by Brazilian business-management software provider Totvs to buy a stake of up to 72 percent in Ciashop Soluções para Comércio Eletrônico, for 19.5 million reais ($8.2 million). Ciashop develops online shops, with a current active portfolio of around a thousand. Totvs’s shares are listed on the São Paulo stock exchange.Read the statement below in Portuguese:...

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