Edenred Adds in Brazil

Edenred has expanded in Brazil through the acquisition of food voucher issuer Comprocard, it says. The French corporate services provider is spending EUR24m ($30m) on the Brazilian, as it continues to target growth in the emerging markets. Comprocard issues around EUR100m in volume annually. Edenred has operated in Brazil since 1976, and is also present in Argentina, Chile, Mexico, Peru, Uruguay and Venezuela.