Bradesco, Banco do Brasil allowed to increase share in Brazilian card operator Cielo
( November 19, 2024, 21:01 GMT | Official Statement) -- MLex Summary: The Superitendence of the Brazilian competition authority has approved the acquisition of the totality of shares of credit and debit card operator Cielo by Brazilian banks Bradesco and Banco do Brasil. The banks, which already held 61 percent of Cielo, now hold 100 percent. The investigatory unit's decision will be final if there's no appeal or avocation by a councilor from CADE's Tribunal.See statement in Portuguese....
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