Aliansce and BR Malls merge to form the largest shopping centre company in Latin America

After almost five months of negotiation (and many disagreements), Aliansce and BR Malls closed an agreement to merge the two companies.

The negotiation was concluded this morning, and they will announce the BR Malls board's recommendation for the proposal made by Aliansce to be accepted later today.

The company that will result from this transaction will be the leader in the shopping centre sector in Latin America, with sales above R$38 billion per year and more than 60 malls throughout Brazil.

The final figures pointed to the disbursement of R$ 1.250 billion in cash and 55.2% in the exchange ratio of the combined company to the shareholders of BR Malls.