Iguatemi approved sale of R $ 500 million in stakes in malls and enterprises (image: Facebook/Shopping Iguatemi Campinas)
The Board of Directors of Iguatemi (IGTI11) approved on Monday the sale of stakes in shopping malls and projects that Add R $ 500 millionaccording to the minutes of the meeting of the board released to the market.
According to the document, the Council approved the sale of 49% participation in the Shopping Market Place, Market Place Towers Buildingboth in the city of São Paulo, and Galleria Shoppingin Campinas (SP), for approximately R $ 468 million in total.
The meeting also endorsed the assignment of 24% fraction in the future venture to be built in the Market Place complex, for R $ 35 million, and 16.7% of the project participation to be built in the Galleria Complex, for R $ 14.9 million.
Iguatemi, which did not reveal with those who signed the agreement, had informed in April about the signing of a memorandum of understanding for the disposal of these participation.
Source: Moneytimes
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