Bloomberg News

Redecard to Invest About 500 Million Reais in 2012

February 02, 2012

(CEO corrects amount of 2011 investment in second paragraph.)

Feb. 2 (Bloomberg) -- Redecard SA plans to invest about 500 million reais in 2012, Chief Financial Officer Marcelo Kopel told reporters today in Sao Paulo.

The company invested 218 million reais in 2011, Chief Executive Officer Claudio Yamaguti said at the same press conference.

To contact the reporter on this story: Francisco Marcelino in Sao Paulo at mdeoliveira@bloomberg.net

To contact the editor responsible for this story: Helder Marinho at hmarinho@bloomberg.net


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