Tag: Hub Fintech

Brazil’s retail giant Magalu receives CADE, Central Bank approvals to acquire ‘Hub Fintech’

RT Staff Reporters -
RIO DE JANEIRO, BRAZIL - Magazine Luiza, one of the largest Brazilian retail companies, said it has received approvals from the Brazilian antitrust agency (CADE) and the Central Bank (BC) to complete the acquisition of Hub Fintech through its...
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Brazil Retailer Magazine Luiza to pay US$56 Million for Digital Payments Fintech Hub

Latin America News -
RIO DE JANEIRO, BRAZIL - Brazilian retailer Magazine Luiza SA has agreed to buy financial technology firm Hub Prepaid Participações SA for R$290 million (US$56 million), a securities filing showed on Monday, December 21st. Magazine Luiza, one of Brazil’s biggest...
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