Cielo SA (CIOXY: OTC Link) | Cielo concluded acquisition of Merchant e-Solutions

Cielo concluded acquisition of Merchant e-Solutions

Aug 31, 2012

OTC Disclosure News Service

Barueri, SP, Brazil –

CIELO S.A.

Publicly-Held Company – Corporate Taxpayer’s ID no. 01.027.058/0001-91

 

 

 

Cielo concluded acquisition of Merchant e-Solutions

 

 

CIELO S.A. (BMFBOVESPA: CIEL3/OTC: CIOXY), leader in electronic payment solutions in Latin America, announces to the market that, on this date, it has concluded the acquisition of all shares representing the capital stock of Merchant e-Solutions, considering the fulfillment of all prior conditions established in the acquisition agreement of Merchant e-Solutions executed on June 30, 2012.

 

With the conclusion of the acquisition, Cielo now has access to MeS’s state-of-the-art technological platform, considered “best in class” in the means of payment industry, which will allow Cielo to reach a new technological level, reinforcing its strategy of offering innovative solutions and services to its clients and partners in Brazil.

 

 

Barueri, August 31, 2012.

                                        

 

CLOVIS POGGETTI JR.

CHIEF FINANCIAL AND INVESTOR RELATIONS OFFICER

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/CIOXY/news?id=51971

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