August 5, 2019 / 9:37 PM / 12 days ago

Banco do Brasil denies talks to sell its Cielo stake -filing

SAO PAULO, Aug 5 (Reuters) - State-controlled Brazilian lender Banco do Brasil SA said on Monday it is not in talks to sell its stake in card processor Cielo SA, according to a securities filing.

On Thursday, Cielo shares rose more than 15% after newspaper O Estado de S. Paulo reported Banco do Brasil was considering selling its stake in the company. (Reporting by Carolina Mandl; Editing by Sandra Maler)

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