By Luciana Magalhaes
SAO PAULO (Reuters) – Brazilian financial expertise firm Stone Carbon monoxide has truly gotten a number of nonbinding offers for its software program program machine Linx, but the quotes till now are listed beneath what it spent for the possession in 2020, in response to 3 people acquainted with the settlements.
Stone Carbon Monoxide, which is detailed in New York, gotten Linx for six.7 billion reais ($ 1.14 billion) 4 years again.
As of at the moment, 20 potential potential consumers have truly licensed non-disclosure preparations to have accessibility to information regarding the sale, 2 of people knowledgeable Reuters.
The companies include Brazilian software program program firm Totvs SA and Canada’s Constellation Software, in response to the very same sources.
Of the 20, 6 firms have truly made non-binding offers, the sources claimed.
Totvs at present verified a recurring process which could trigger a nonbinding proposition. The firm claimed it has truly not but made a deal to get Linx.
Constellation didn’t promptly reply to ask for comment.
Stone Carbon monoxide decreased to remark.
An particular person acquainted with the bidding process claimed some offers made till now had been better than 50% lower than what Stone Carbon monoxide spent for Linx 4 years again. Another useful resource claimed there have been quotes greater than that, retaining in thoughts that Stone Carbon monoxide would most certainly rule out providing Linx for lots lower than 5 billion reais.
Reuters reported in September that Stone had truly labored with monetary funding monetary establishments J.P. Morgan and Morgan Stanley to market Linx.
The enterprise afterward verified it had truly labored with consultants to find decisions regarding its software program program firm, with out establishing a goal date for any sort of kind of provide.
Stone stays in a comfortable financial setting and has no necessity to market Linx, amongst people acquainted with the talks claimed.
Earlier this month, Stone Carbon monoxide licensed a share purchased program of roughly 2 billion reais.
(Reporting by Luciana Magalhaes; Editing by Chizu Nomiyama)
