Wednesday, February 27, 2019

Klein family closer to the command of Casas Bahia

After years of fights and disagreements, the Klein family may be close to resuming command of the largest network of appliances and furniture in the country – and detail: without shell out a penny. Two years ago trying to sell your share of Retail to a strategic investor Route, the GPA has changed the posture at the end of the past and began reducing directly in the trading session presence in the owner of Casas Bahia and Ponto Frio. In December, disbanded of slice of 3.8% and 3.1% more yesterday. This second sale netted $200 million R the GPA. That way, your piece was reduced to 36.3%. Two months ago, were 43.2%. If the retailer keep and sell more than 10% of the share capital, the Klein family – which holds 25.5% of the shares – will be the largest shareholder of the retailer. Tic tac. The sale of this slice can be quick. The GPA already disclose your financial results without the inclusion of Via retail and, according to the rules of disclosure, the company can only maintain operations classified as "discontinued" for a year. May be looking, the GPA reiterated that recent operations have not changed the composition of the Board and that the company remains committed in the sale to a strategic investor, but the company acknowledged that the sale via purse is "an alternative". The kleins didn't want to comment. (Rodrigo Petry) name of a bank on the list of advisors from the initial public offering (IPO) of come on, rental trucks, machinery and equipment of the JSL, attention: the Caixa Econômica Federal. Even with the Group has closed, the public institution made the Union responsible for the operation. Is the first offer the Bank appears as financial adviser. Contrast. The box wants to replicate the same strategy that big banks as Bradesco, Itaú Unibanco and Banco do Brazil have adopted in the past, using your balance sheet, i.e. the fact of giving credit to companies for pancake recipes on other fronts. The investment banking arm is one of them. Myra yet box segments such as the insurance and credit cards. Captain. The ex-UBS André Laloni will be responsible for putting the strategy into practice box under the gaze of the new Bank President, Pedro Guimarães. He was selected as the column anticipated Broadcast in January, to take over the Vice President of finance and Controller of the institution. By the way, the new Vice Presidents of public bank took possession yesterday, 25. Sought, the box did not comment.
O Estado de S. Paulo - 27/02/2019 News Item translated automatically
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