Friday, May 27

Brazil’s Lojas Renner acquires logistics startup Uello

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SAO PAULO — Brazilian retailer Lojas Renner SA said on Monday it acquired, through its subsidiary RLog Investimentos, all of the shares issued by Uello Tecnologia SA.

Uello is a logistics company focused on urban deliveries, said Lojas Renner in a securities filing. The company did not disclose figures of the deal. (Reporting by Peter Frontini Editing by Chris Reese)