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New Deal


Announced

JP Morgan to acquire an additional 6% stake in C6 Bank.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned40%
Capital Bid For6%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Banks

Brazil

digital bank

fintech

Acquisition

Cross Border

Private

Minority

Pending

Friendly

Single Bidder

Synopsis

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JP Morgan, a financial services firm, agreed to acquire an additional 6% stake in C6 Bank, a bank in Sao Paulo. Financial terms were not disclosed. “We want to communicate to our customers the benefits of having an innovative bank that has as a partner one of the main leaders in financial services in the world," Alexandra Pain, C6 Bank Head of Marketing.

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