Mercado Pago Accepted as 3rd Party in Magazine Luiza-Hub Deal

Brazil antitrust regulator Cade’s superintendence accepted an intervention request made by Mercado Pago, according to decision in official gazette and Cade’s website.

• Mercado Pago raises the possibility of Magalu Group using competing companies’ customers data, to which Hub Pagamentos provided services and, in some way, obtaining undue advantages: Cade
• NOTE from Dec. 21: Magazine Luiza Buys Hub Fintech for BRL290m

Original Story:
Cade aceita Mercado Pago como 3ª parte em Magazine Luiza-Hub

To contact the translator on this story:
Danielle Chaves in Sao Paulo at djelmayer@bloomberg.net

Reporter on the original story:
Danielle Chaves in Sao Paulo at djelmayer@bloomberg.net

Editor ...