BRMalls shareholders propose the sale of shopping centres and face management resistance

A tug of war is forming behind the scenes at BRMalls, the largest shopping centre company in Brazil. Private equity shareholder and manager Aurora Capital and the Suno group have joined to try to implement a strategy based on the sale of the company's shopping centre to real estate investment funds (FIIs). In this model, BRMalls would be a shareholder of the businesses' fund and administrator, which could increase the assets between 50% and 70%, compared to the current market value, according to the proponents' estimate.

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