Aliansce, Sonae stick with merger talks

Aliansce, Sonae stick with merger talks

M&A Brazil

Aliansce Shopping Centers and Sonae Sierra have confirmed that are in talks to discuss a possible merger but add that they have not reached an agreement or even structured a possible deal. "To this date, there is no guarantee as to the implementation of any potential transaction between the parties," the companies both said in separate statements. The Brazilian newspaper O Globo reported on December 2 that Aliansce and Sonae had held a new round of meetings in London in the past few days. Local

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