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FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 appointment in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo



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SAO PAULO (Reuters) – Japan’s SoftBank Group Corp (9984.T), a actor in some of Latin America’s better aliment commitment companies, expects alliance in best markets, a chief controlling said on Wednesday.

“It’s difficult to acquire added than two players in the aliment commitment area, there will be all-around consolidation”, Paulo Passoni, managing advance accomplice in Softbank’s Latin America Fund, said in a webcast hosted by Brazilian agenda agent XP Inc.



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He batten a day afterwards letters from Reuters and added media that Uber Technologies Inc (UBER.N), partly endemic by SoftBank, was in talks to buy online aliment commitment aggregation Grubhub Inc.

SoftBank’s Latin America Armamentarium is additionally a actor in Rappi, founded in Colombia. In accession Softbank is a actor in Chinese ride acclamation aggregation Didi, whose Didi Eats assemblage has had aerial advance in Mexico, Passoni added.



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Passoni said the atypical coronavirus communicable has fabricated him “more comfortable” with SoftBank’s portfolio in Latin America, as best of its stakeholdings are experiencing college appeal acknowledgment to amusing break measures and growing digitalization of Latin American economies.

Digital wallets and online banks are booming, Passoni said, because best e-commerce and commitment companies do not acquire cash. SoftBank’s Latin America armamentarium has a pale in Brazilian agenda coffer Banco Inter SA (BIDI4.SA).

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Reporting by Tatiana Bautzer; Editing by Bernadette Baum

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