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Brazil antitrust official says Stone-Linx deal should be approved

BRASILIA, June 16 (Reuters) - The official at Brazil’s antitrust agency CADE studying the Stone-Linx deal said on Monday it should be “approved without restrictions.”

Financial technology solutions company StoneCo is seeking to buy Brazilian software company Linx, a takeover objected to by rivals like Cielo and Safra arguing it could lead to a loss of clients to Stone as a payments processor.

“The operation deserves to be approved without restrictions,” CADE’s Sergio Ravagnani said in his judgment.

Reporting by Alberto Alerigi Editing by Chris Reese

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