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Brazil Cielo's controlling shareholders reach agreement to lift tender offer price

Reuters

SAO PAULO, April 2 (Reuters) - The controlling shareholders of Brazilian payments firm Cielo have reached an agreement with some minority shareholders to raise the price of a tender offer to take the company private, according to a securities filing on Tuesday.

Under the agreement, lenders Banco do Brasil and Bradesco have committed to raise the offer price to 5.6 reais per share from 5.35 reais per share. (Reporting by Andre Romani; Editing by Kirsten Donovan)