Brazil's Nubank says it is not pursuing deal with Monzo
Brazilian digital lender Nubank has stated it is not pursuing a deal with British digital bank Monzo, according to a securities filing released on Wednesday, despite earlier media reports suggesting otherwise. The São Paulo-based company confirmed that it regularly assesses potential growth opportunities, which could include investments and acquisitions, but emphasized that its current capital allocation framework remains unchanged.
Nubank, listed as Nu Holdings, reaffirmed its strategic priorities of expanding its presence in Brazil, scaling businesses in Mexico and Colombia, and building a global footprint through Nu Global. In response to the media reports, Nu Holdings' shares in New York experienced a nearly 7% increase.
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- Brazil's Nubank says it is not pursuing deal with Monzo channelnewsasia.com
