Tag: TOTVS
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Exploring Investment Opportunities in Brazil’s Thriving Technology Sector
Brazil’s technology sector has been experiencing remarkable growth, fueled by a young and tech-savvy population, increasing internet penetration, and a vibrant startup ecosystem. This blog post aims to shed light on the promising investment opportunities in Brazil’s technology sector for foreign investors. We will explore key areas such as e-commerce, fintech, software development, and digital…
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CADE Approves Merger of TOTVS and Bematech
TOTVS S.A. (BM&FBOVESPA: TOTS3) (“TOTVS”) and BEMATECH S.A. (BM&FBOVESPA: BEMA3) (“Bematech”), in addition to what was informed by the companies on August 20, 2015 and September 03, 2015, hereby jointly announce that, on this date, the decision of CADE’s General Superintendence, approving the merger of Bematech’s shares by Makira II Empreendimentos e Participações S.A. (“Makira…
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TOTVS to acquire Bematech and create largest IT provider for retail in Latin America
TOTVS, one of the largest Brazilian IT companies, will pay R$ 467.4 million (US$ 130 million) in cash and R$ 82.5 million (US$ 24 million) in stock to buy 100% of Bematech, which specializes in automation for retailers. The operation should be voted on at a meeting of shareholders, on September 3. CADE, Brazil’s anti-trust authority has been notified.…