Brazil's Nubank says it is not pursuing deal with Monzo
Brazil's Nubank says it is not pursuing deal with Monzo SAO PAULO, Sept 30 (Reuters) - Brazilian digital lender Nubank said on Wednesday it is not pursuing a transaction with Monzo, after media reports had said Nubank was in early-stage talks to acquire the British digital bank.
In a securities filing, Nubank said it regularly evaluates opportunities that could support growth and long-term goals, including investments and acquisitions
Nubank, which is listed as Nu Holdings NU.N, said its capital allocation framework is unchanged
Nubank said it is focused on its strategic priorities: "deepening its position in Brazil, scaling its businesses in Mexico and Colombia, and building its presence in the United States and around the world through Nu Global"
Shares in Nu Holdings were up nearly 7% in trading in New York, after falling earlier this week on the media reports
(Reporting by Andre Romani in Sao Paulo, Editing by Iñigo Alexander)
((Andre.Romani@thomsonreuters.com; 11 991314109;11 56447500;))
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