DLocal Announces Appointment Of Sergio Fogel As Co-President And Chief Strategy Officer, And Completion Of Major Share Purchase By Key Shareholders; Key Shareholders Purchased In Aggregate Amount Of About $160M Of Common Shares
Portfolio Pulse from Happy Mohamed
DLocal has appointed Sergio Fogel as Co-President and Chief Strategy Officer. Key shareholders, including General Atlantic, Sergio Fogel, Andres Bzurovski, and Eduardo Azar, have purchased an aggregate amount of about $160 million of DLO's common shares.
June 07, 2023 | 8:04 pm
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Sergio Fogel's appointment and the $160 million share purchase by key shareholders may boost investor confidence in DLocal.
Sergio Fogel's appointment as Co-President and Chief Strategy Officer formalizes his role in the company, which may be seen as a positive development by investors. Additionally, the significant share purchase by key shareholders, including General Atlantic, demonstrates their confidence in the company's long-term future, which may positively impact DLO's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100