Globant SA falls on buying majority stake in Walmeric

GLOBANT

08/07/2021 16:23

** U.S.-listing of IT services firm  GLOB.N  down as much as
2.67% at $217.28 
    ** Co to buy an 80% stake in IT service firm Walmeric to
strengthen its digital sales product portfolio  urn:newsml:reuters.com:*:nPn3L2z69a
    ** The agreement includes an option to purchase the
remaining minority stake through a three-year term
    ** GLOB's shares slumped ~2% on June 25 as MSCI yanked
Argentina's emerging market status  urn:newsml:reuters.com:*:nL3N2O73BD
    ** Stock down 0.2% YTD, as of last close 

 (Reporting by Rithika Krishna in Bengaluru)
 ((Rithika.Krishna@thomsonreuters.com;))