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The column states that Cielo (CIEL3) is making progress in investments and plans to sell the business in the United States

The column states that Cielo (CIEL3) is making progress in investments and plans to sell the business in the United States

The column states that Cielo (CIEL3) is making progress in investments and plans to sell the business in the United States
Silo’s small machine. Source: Revelation

After selling nearly $ 700 million in assets in one year, Dear (CIEL3) Estado now wants to dispose of a business overseas, according to reports from the Broadcast column.

The company involved is American Merchant e-Solutions (MeS), purchased by Ciolo in 2012 for US $ 670 million. This surgery marked the introduction of the silo in the United States.

According to the column, Ciello’s leader Gustavo Sousa, in a conversation with analysts and investors, said he was ready to analyze “high strategic results” for the property, which is subject to a turning point (recovery). “The process is now mature … we understand that Silo’s focus should be on the acquisition center in Brazil,” he said.

Conversations about MeS sales They would have started in the last administration, under the command of Paulo Cabarelli, who resigned in May. Broadcast sources say the MS sale has already been negotiated with the contracted bank and potential buyers.

Silo has made investments

Controlled by Prodesco (BPTC4) and Banquo to Brazil (BPAS3), Silo sought to focus on its core business payments. In this way, the company sold three companies:

  • An Orison, from the health department;
  • Trading platform for the Yellow brand; And
  • M4U payment method company

Case a Sales of merchant e-solutions If it comes to fruition, it could be Ciolo’s biggest contribution.

Last week, Xilo sold the M4U to Femopee for $ 185 million. This is the first acquisition of the so-called “Netflix of Apps and Games” company, with more than $ 1 billion raised in B3 in February.

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Resources will be used Dear To strengthen the so-called term products such as advance payment of receivables. The idea is for tenants to anticipate future returns, retain the customer and guarantee future margins.