Office Depot share sale advances as equity markets take battering

Office Depot share sale advances as equity markets take battering

Equity

Grupo Gigante’s sale of 253m shares in Office Depot de Mexico is advancing and is due to be priced on Wednesday, LatinFinance understands. The news comes after another day of losses on stock markets in the region and globally. Brazil’s Ibovespa index lost 3.13% on Monday — dragged down by a particularly dire day for shares of Petrobras and construction firm Gafisa — while Chile’s IPSA fell 1.34%, echoing losses in global indices. The Mexican exchange was closed on Monday, but has also suffered t

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