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SAO PAULO (Reuters) - Brazilian financial technology company PagSeguro Digital Ltd and Banco Votorantim, known as BV, on Thursday denied a deal was close for PagSeguro to acquire BV. Media reports and one source with knowledge of the matter had said earlier in the day that they were in talks, sending PagSeguro’s Nasdaq-listed shares down as much as 14%.
But Pagseguro said in a statement that its banking unit PagBank “does not intend to acquire BV bank and there are no related signed agreements to do so,” while BV and its shareholders issued a denial too.
“Banco Votorantim SA (‘BV bank’), the fifth largest private Brazilian bank, and its shareholders, Banco do Brasil and Votorantim Finanças, deny recent news about the sale of BV,” the statement said.
Camila Cabello launches fund providing mental health support for activists I ve realised there s so much more I can and must do to support others who are doing the work to heal our communities
Camila Cabello in 2020. Credit: John Phillips/Getty Images
Camila Cabello has launched the Healing Justice Project, a fund to provide mental health support for frontline workers and activists.
The singer has partnered with the Movement Voter Fund to provide funding to ten organisations for resources to help with their workers’ mental wellbeing.
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Billboard report, Cabello provided the seed money for the venture, and the first round of ten grants will total nearly $250,000 (£180,000).