BUZZ-Uruguay's dLocal jumps after Reuters reports payments provider explores sale

Reuters12-18
BUZZ-Uruguay's dLocal jumps after Reuters reports payments provider explores sale

** Uruguayan payments platform dLocal's DLO.O shares rise 4.1% to $12.46

** DLO, which has a market value of about $3.4 bln, is exploring options including a potential sale, people familiar with the matter told Reuters

** Co is working with Morgan Stanley MS.N to gauge takeover interest from potential buyers - sources

** Last year, the company tapped its investment bankers to launch a sale process but the talks fizzled after it could not agree on financial terms with suitors

** DLocal operates across most of Latin America as well as parts of Africa and Asia, and its customers include Amazon.com, Microsoft, and Google

** Up to last close, stock down ~32% this year

(Reporting by Jaspreet Singh in Bengaluru)

((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))

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