September 26, 2022 |
Brazilian shopping mall operator brMalls said it agreed to sell Campinas Shopping to a group of local investors for BRL411 million ($78.3 million), according to a securities filing.
The buyers are funds managed by Vinci Partners, XP Investimentos and Banco Plural, which could provide shares as part of the payment, brMalls said in a filing on Thursday. The deal requires approval from anti-trust agency CADE, it added.
According to analysts, brMalls agreed to sell Campinas Shopping as part of its e
Brazilian shopping mall operator is selling assets as it waits for approval of tie-up with Aliansce Sonae