Brazil's Cielo to issue debt to pay for stake in card venture

SAO PAULO, Dec 17 (Reuters) - Cielo SA, Brazil's largest card payment processor, agreed on Wednesday to issue 3.46 billion reais ($1.27 billion) in local debt to pay for the purchase of a 70 percent stake in a card joint venture with state-controlled lender Banco do Brasil SA.
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.