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dLocal’s Ambitious USD 150 M Africa Deal Shrinks After FTX Lawsuit
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dLocal’s Ambitious USD 150 M Africa Deal Shrinks After FTX Lawsuit
When Uruguayan payments firm dLocal finally closed its long-delayed acquisition of AZA Finance assets on February 27, the transaction bore little resemblance to the ambitious USD 150 M expansion plan it announced eight months earlier. The company acquired a single Cameroonian entity for about USD 23 M and paid almost no cash, converting debt into equity. “[…]whilst the final scope of the deal was different to the original ambition, it is still a…
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