Investment firm Blackstone Group LP hired advisers from JP Morgan Chase & Co. to consider acquiring a controlling stake in Brazilian shopping mall operator BR Malls Participacoes SA , a newspaper reported on Sunday. Rio de Janeiro daily O Globo, without citing sources for its information, said the acquisition would amount to Brazil’s biggest-ever real estate transaction and could be valued at as much as 12 billion reais ($3.38 billion). A spokeswoman for BR Malls, which is based in Rio and is Brazil’s biggest mall operator, declined to comment. A spokeswoman for JP Morgan Chase declined to comment.
Source: Reuters.comBlackstone Group considering $3.38 billion mall deal in Brazil
Industry: Infrastructure 2016-04-04
