Bradesco: Says it did not receive any offer for Alelo

Bradesco: Says it did not receive any offer for Alelo

iFood, owned by Dutch technology investor Prosus, is in advanced discussions to acquire meal voucher company Alelo for approximately $904.75 million, according to a report by Valor Economico newspaper [1]. The proposed acquisition would significantly expand iFood's presence in the Brazilian food voucher market, where it already holds a dominant position in online food delivery.

Alelo, backed by Brazilian lenders Banco do Brasil and Bradesco, has not yet responded to requests for comment on the report. The acquisition, valued at about 5 billion reais, would see iFood become a leader in the local food voucher segment. This move comes as iFood seeks to diversify its offerings and strengthen its market position in Brazil.

In a separate development, Bradesco has stated that it did not receive any offer for Alelo, indicating that the acquisition process is ongoing and subject to various negotiations and regulatory approvals [2].

The potential acquisition underscores the growing importance of the food voucher market in Brazil, which has seen increased demand due to the economic conditions and the need for affordable meal options. As iFood continues to expand its services, this acquisition could provide significant growth opportunities and further solidify its market leadership.

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L1N3TK0VS:0-prosus-ifood-in-advanced-talks-to-buy-alelo-for-905-million-reports-valor-economico/
[2] Bradesco's official statement on the Alelo acquisition