Brazil payments processor Cielo denies reports it may go private
SAO PAULO, Aug 18 (Reuters) - Brazilian payments processor Cielo SA has denied a report in newspaper Valor Economico that said the company's board was considering taking the firm private.
The company said on Tuesday night it had consulted its controlling shareholders, Banco do Brasil SA and Banco Bradesco SA, and both companies had also denied the report, which cited anonymous sources.
"Cielo affirms that the news mentioned above is UNTRUE and that the topic mentioned in said article, going private, was not discussed by the board of directors," the company wrote in a securities filing.
Earlier in the evening, Valor had reported on the potential move to go private. The newspaper said that the board was divided on the idea, but that it had gained popularity within the body in recent days.
(Reporting by Paula Laier in Sao Paulo and Gram Slattery in Rio de Janeiro; editing by Philippa Fletcher)