BR Malls Participações S.A. completed the sale of 30% stake in Center Shopping Uberlandia to current partners.
BR Malls Participações S.A. (BOVESPA:BRML3) agree to sell 30% stake in Center Shopping Uberlandia to current partners for approximately BRL 310 million on March 2, 2022. BR Malls will remain with a 21.0% interest in the asset and will continue to manage and commercialize the mall. The transaction is subject to approval by the Administrative Council for Economic Defense CADE. The proceeds from this sale will be used to reduce the Company's financial leverage.
BR Malls Participações S.A. (BOVESPA:BRML3) completed the sale of 30% stake in Center Shopping Uberlandia to current partners in the quarter ending June 30, 2022.