Multiplan Empreendimentos Imobiliários S.A. (BOVESPA:MULT3) agreed to acquire remaining 49.9% stake in Diamond Mall for BRL 340 million on August 2, 2022. Under the terms of agreement, the stake acquisition is valued at BRL 340 million, of which i R 136 million will be paid upfront and (BRL 204 million to be paid in 12 consecutive equal monthly installments indexed to inflation (IPCA). The closing of the deal is subject to precedent conditions, usual for these type of deals, including the approval by the Council of Economic Defense (CADE).

Multiplan Empreendimentos Imobiliários S.A. (BOVESPA:MULT3) completed the acquisition of remaining 49.9% stake in Diamond Mall for on January 3, 2023.