Mergers & Acquisitions Mergers & Acquisitions

Stone-Linx deal closure in Brazil delayed by rivals’ appeal of clearance decision

By Flavia Fortes
  • 07 Apr 2021 17:14
  • 11 May 2021 08:31
Stone won’t be able to close its acquisition of Latin America’s largest software maker, Linx, just yet.

Rivals Cielo, Adyen do Brasil and Banco Safra have appealed a decision by the Brazilian competition authority’s investigators to clear the deal unconditionally to the agency’s Tribunal, which could decide to take another look at

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