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prima:Evertec stock soars after Sinqia acquisition announcement

Investors favor the stock after the company announced that it will enter the Brazilian market with a transaction that will double its business volume outside Puerto Rico

July 22, 2023 - 12:15 PM

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This content was published more than 1 year ago.
According to Mac Schuessler, Evertec's chief executive officer, the purchase of Sinqia's assets in Brazil is a milestone for the company, but above all, it is proof of Puerto Rico's talent and capacity for innovation. (Suministrada)

In just 24 hours, Evertec (Nasdaq: EVTC) shareholders saw gains of about $110 million after the Wall Street-listed stock jumped nearly 4.5 percent in a single day to close at $41.37, bringing the company’s market capitalization to about $2.69 billion.

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