Mergers & Acquisitions Mergers & Acquisitions

Mercado Pago appeals approval of Magalu-Hub Prepaid deal to CADE’s Tribunal

By Ana Paula Candil
  • 06 Apr 2021 11:16
  • 06 Apr 2021 11:16
Brazilian payments company Mercado Pago has asked the national competition authority's Tribunal to review Magalu Pagamentos's planned acquisition of payment services provider Hub Prepaid after the agency's Superintendence approved the deal.

Mercado Pago asked the Tribunal to prohibit Magalu from having access to Hub's customer data. Mercado Livre Group — Mercado Pago's parent

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