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Linx acquires PinPag

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Linx (LINX -1.6%) acquires PinPag for BRL135M in cash and, additionally, subject to the achievement of financial and operational goals (between 2021 to 2022), it will pay the amount of up to BRL65M.

The acquisition will strengthens the company’s cross selling strategy for products and services and expands the performance of its fintech Linx Pay Hub to the service segment.

Source: M A News on Seeking Alpha