Brazil's iFood in advanced talks to buy benefits card firm Caju, Valor reports (updated)
UPDATE 2-Brazil's iFood in advanced talks to buy benefits card firm Caju, Valor reports Updates bullet 4 with Caju's statement
SAO PAULO, Oct 8 (Reuters) - Brazilian delivery app iFood, owned by Dutch investment group Prosus PRX.AS, is in advanced talks to buy employee benefits provider Caju, Valor Economico reported on Thursday, citing unidentified sources.
The transaction could accelerate iFood's expansion in the employee benefits market and is likely to be completed by the end of October, the newspaper said
iFood aims to become the leading player in Brazil's benefits sector within three years, it added
Local media reported last year that iFood was in talks to acquire meal and food voucher provider Alelo in a deal valued at 5 billion reais ($996 million)
iFood and Caju said in separate statements that they do not comment on market rumors; iFood added it remains focused on investing in sustainable growth
($1 = 5.0214 reais)
(Reporting by Isabel Teles; Editing by Joe Bavier and Mark Potter)
((isabel.teles@thomsonreuters.com; +55 11 91033 3602))