XP has coordinated conversations about Via Varejo since 2nd

XP Investimentos coordinated presentations to investors on Via Varejo (owner of the brands Casas Bahia and Ponto Frio) since Monday, 10th, in preparation for the offer that was announced on Wednesday morning to the market for acquisition by the entrepreneur Michael Klein of the participation that the GPA owns in the retailer. In the meetings, which did not count on the participation of the entrepreneur, the funds asked hundreds of questions about the company's online business, and also regarding possible interference of the founding family of Casas Bahia in the business. The auction should move more than R $2 billion and about ten funds must enter the auction scheduled for Friday, the 14th, along with Klein. The family has about 25% of the company today. Professional management. For investors, the interest is that the company maintains the vision of the family, but has a professional management. Klein would already have market names indicating to the administration as soon as the transaction is carried out. The bet is that the nominee for the company's presidency is Roberto Fulcherberguer, today on the board of Directors of Via Varejo, the name of his trust. As the auction at B3 will be public, other interested funds may participate in the auction for the sale of shares in B3, with the minimum price of R $4.75. With the transaction the expectation is that Klein increase his slice to 40% and the funds should stay with 15%. The operation was anticipated by this column. Without the machine. The offer made by Michael Klein does not count on the participation of the funds Starboard and Apollo. The interest of the funds was to unite the vending machine with the Via Varejo, but the understanding was that it was necessary to have a yada in the management before the Union. Wanted, Michael Klein did not comment.