BR Malls Buys Shopping Tijuca

BR Malls Buys Shopping Tijuca

Brazil M&A

BR Malls has acquired Shopping Tijuca and 3 commercial towers for a total price of BRL800m ($470m), according to the company. Shopping Tijuca is a shopping complex located in the Tijuca neighborhood of Rio de Janeiro. BR Malls, a publicly listed, Brazil-based shopping mall owner and operator, will acquire Tijuca in 2 stages. It has already completed the acquisition of 49.99% of the equity in the complex. Since the total acquisition represents more than 10% of BR Malls shareholder equity, the com

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