SAO PAULO (Reuters) - Brazilian shopping mall operator BR Malls said on Monday that the Canada Pension Plan Investments Board (CPPIB), which is a major shareholder in rival Aliansce Sonae, has reached a 10.24% stake in the company.
Aliansce Sonae is currently pushing for a tie-up with BR Malls and had an offer rejected by the latter's board last week. The CPPIB-backed firm, however, is still expected to formally call a BR Malls shareholders' meeting for a voting on the matter as it continues to build a stake in the rival.
(Reporting by Gabriel Araujo)
| 1st Jan change | Capi. | |
|---|---|---|
| +17.32% | 29.15B | |
| -5.15% | 27.94B | |
| +26.23% | 26.02B | |
| +16.84% | 24.95B | |
| +40.97% | 22.49B | |
| +20.06% | 22.19B | |
| -4.42% | 18.48B | |
| +13.13% | 16.73B | |
| +9.98% | 16.19B |
BR MALLS PARTICIPACOES S.A. 