July 11, 2019 / 7:49 PM / 2 months ago

Carlos Slim's bank to acquire stake in Brazil unit of Global Payments

SAO PAULO, July 11 (Reuters) - Brazilian antitrust watchdog Cade has approved Mexican lender Inbursa's acquisition of a roughly 33% stake in the Brazilian unit of payment technology company Global Payments Inc, according to a report from the regulator.

Inbursa, which is controlled by the family of billionaire Carlos Slim, intends to have a card processor business in Brazil through Banco Inbursa SA.

Cade said Inbursa informed it that Global Payments and Slim's Brazilian subsidiary of America Movil may forge a partnership in the future.

The transaction value has not been disclosed. (Reporting by Alberto Alerigi Jr; Writing by Carolina Mandl; editing by Jonathan Oatis)

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