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Brazilian Official Wants Stone-Linx Deal Approved

By  |  June 16, 2021

The official at Brazil’s antitrust agency CADE studying the Stone-Linx deal said on Monday it should be “approved without restrictions” reported Reuters.

Financial technology solutions company StoneCo is seeking to buy Brazilian software company Linx, a takeover objected to by rivals like Cielo and Safra arguing it could lead to a loss of clients to Stone as a payments processor.

“The operation deserves to be approved without restrictions,” CADE’s Sergio Ravagnani said in his judgment.

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