BRASILIA, June 16 (Reuters) - The official at Brazil's antitrust agency CADE studying the Stone-Linx deal said on Monday it should be "approved without restrictions."
Financial technology solutions company StoneCo STNE.O is seeking to buy Brazilian software company Linx LINX3.SA, a takeover objected to by rivals like Cielo CIEL3.SA and Safra arguing it could lead to a loss of clients to Stone as a payments processor.
"The operation deserves to be approved without restrictions," CADE's Sergio Ravagnani said in his judgment.
(Reporting by Alberto Alerigi Editing by Chris Reese)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.