brMalls sheds Campinas Shopping ahead of merger

brMalls sheds Campinas Shopping ahead of merger

Corporate & Sovereign Strategy Equity M&A Brazil Capital Markets Commerce

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

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial