Lojas Americanas confirms merger talks with Marisa

Lojas Americanas confirms merger talks with Marisa

M&A Equity Commerce Retail shopping Brazil

Brazilian retailer Lojas Americanas confirmed it has made "preliminary contact" to discuss the acquisition of the smaller department store chain Marisa, although it has not presented a formal offer, according to a securities filing. Marisa, for its part, said it has hired investment bank Lazard "to evaluate alternatives for optimization of its capital structure," including its financial services unit MBank, but it added that it has not come to an agreement with Lojas Americanas. Marisa said in M

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