Itausa joins Alpargatas talks

Itausa joins Alpargatas talks

Brazil M&A Funds

Brazil's Itausa said it is also in talks to buy part of the local footwear company Alpargatas from J&F Investimentos.The financial holding company is looking to buy half of J&F's stake and share management of Alpargatas with the local private equity firm Cambuhy Investimentos, Itausa said in a statement.J&F said this week that it had signed a nondisclosure agreement with Cambuhy to discuss the sale of its controlling stake in Alpargatas.J&F is said to have hired hired Brades

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