Bombril sells brands by 47.6 mi R$

The signed contract for assignment to Bombril SC Johnson & Son of a brand portfolio and other assets linked to the brand name product line by R$ 47,590,000, Lysoform informed the company in fact released yesterday.
The operation is part of efforts to restructure the company, involving the sale of non-strategic assets and also negotiations with creditors and investors, according to the document.
The deal is still subject to approval by the Administrative Council for economic Defense (Cade). According to Bombril, resources obtained with the assignment of marks will be used to improve the capital structure of the company