BR Malls confirms Ancar talks

BR Malls confirms Ancar talks

Debt Corporate & Sovereign Strategy Equity M&A Brazil Latin America

Brazilian shopping mall operator BR Malls said Monday it is in talks to merge with local rival Ancar Ivanhoe in a deal that could create the largest company in the sector. BR Malls said in a securities filing that the two companies have completed "preliminary studies" related to the "partial combination of their portfolios," but it did not provide details on the possible size or the value of the potential merger. The company confirmed that it was in talks with Ancar following a report in local n

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