Brazil's Bradesco mulling IPO of card network Elo
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SAO PAULO, Aug 7 (Reuters) - Brazil's second largest lender, Banco Bradesco SA, said on Friday it is considering a potential initial public offering of the card network Elo Servicos SA, in which it has a stake.
Besides Bradesco, state-controlled lenders Banco do Brasil SA and Caixa Economica Federal are partners in Elo, which has as competitors Mastercard Inc and Visa Inc .
Bradesco said no decision has been taken yet.
(Reporting by Carolina Mandl; Editing by Steve Orlofsky)
