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New Deal


Announced

Pluxee and Santander Brazil to form a joint venture.

Synopsis

Pluxee, a employee benefits and engagement company, and Santander Brazil, a private bank, agreed to form a joint venture. Financial terms were not disclosed. “The partnership announced today with Santander illustrates our global growth strategy presented in 2022 which notably emphasized our core Meal & Food Benefits business. The expansion of the distribution network in the country will accelerate the penetration of the SME businesses and contribute to Pluxee’s market share growth in Brazil, one of the largest Employee Benefit markets in the world. I look forward to its success for both Pluxee and Santander,’ Aurélien Sonet, Pluxee CEO.

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