Shopping Iguatemi signs binding proposal to purchase a slice of Pátio Paulista

The company informs that the total acquisition price is R$113.400 million, with payment of 70% in cash

Iguatemi informed this Thursday, 12th, that, through its subsidiary Iguatemi Empresa de Shopping Centers, it signed, together with BB Premium Malls Fundo de Investimento Imobiliário, a binding proposal that establishes the main bases and conditions for the purchase of a 4.5% stake in Shopping Pátio Paulista.

In a statement sent to the Securities and Exchange Commission (CVM), the company informs that the total price of the acquisition is R$113.400 million, with payment of 70% in cash on the closing date and 30% in two equal, annual and consecutive installments, corrected by the CDI variation.

As a result, Iguatemi will hold a 15.95% stake in Shopping Pátio Paulista.

Opportunity with security!

Shopping Iguatemi signs binding proposal to purchase a slice of Pátio Paulista

The company recalls that the effective conclusion of the transaction is subject to compliance with the precedent conditions usually applicable to transactions of this nature.

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