Brazil’s Americanas looking for buyer for stake in Grupo Uni.co

Industry:    2023-05-16

Brazilian retailer Americanas SA, which filed for bankruptcy earlier this year after an accounting scandal, said on Monday it has started the market-sounding process to prospect parties interested in buying its stake in Grupo Uni.co.

Americanas, which has the billionaire trio that founded 3G Capital as reference shareholders, said in a securities filing it had hired Citigroup (C.N) as financial advisor to conduct the process, launched as part of its reorganization plan.

print
Source: