Nadir Figueiredo is sold to American group

The U.S. private equity group HIG Capital purchased the centenary Glass product manufacturer Nadir Figueiredo for R $836,270,000. In fact, Nadir Figueiredo stated that the sale was approved by shareholders holding 97.67% of the capital. The purchase will be made through Flamengo Participações, controlled by HIG Capital. "The goal of the buyer with the operation is the diversification of its business portfolio in Latin America," said Nadir Figueiredo in the note. The company also reported that the operation will result in the partial division of the company, with the formation of a new company, called Newco, that will dedicate themselves "to the administration and leasing of real estate". Founded in 1912 initially as a typewriter workshop, Nadir Figueiredo is the creator of the famous American Cups and manufactures glass products since 1935.