SAO PAULO, Sept 30 (Reuters) – Brazilian digital lender Nubank said on Wednesday it is not pursuing a transaction with Monzo, after media reports had said Nubank was in early-stage talks to acquire the British digital bank. • In a securities filing, Nubank said it regularly evaluates opportunities that could support growth and long-term goals, […]
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Brazil’s Nubank says it is not pursuing deal with Monzo
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SAO PAULO, Sept 30 (Reuters) – Brazilian digital lender Nubank said on Wednesday it is not pursuing a transaction with Monzo, after media reports had said Nubank was in early-stage talks to acquire the British digital bank.
• In a securities filing, Nubank said it regularly evaluates opportunities that could support growth and long-term goals, including investments and acquisitions
• Nubank, which is listed as Nu Holdings, said its capital allocation framework is unchanged
• Nubank said it is focused on its strategic priorities: “deepening its position in Brazil, scaling its businesses in Mexico and Colombia, and building its presence in the United States and around the world through Nu Global”
• Shares in Nu Holdings were up nearly 7% in trading in New York, after falling earlier this week on the media reports
(Reporting by Andre Romani in Sao Paulo, Editing by Iñigo Alexander)