April 12, 2019 |
Brazilian retailers B2W and Magazine Luiza have admitted that they are interested in buying the local online shoe store Netshoes.
B2W said it has hired BTG Pactual to advise it on a possible deal, while Magazine Luiza has reportedly retained JPMorgan and Netshoes is working with Goldman Sachs.
B2W and Magazine Luiza have not reached a binding agreement to buy Netshoes, the companies said in separate statements.
Netshoes went public in April 2017, raising $149m from the sale of shares for $18
Brazilian retailers hire BTG Pactual and JPMorgan to evaluate a possible acquisition of the online shoe store