Multiplan wants to increase its stake at the Diamond Mall

The company released another update on the trading of the asset

SiiLA

Diamond Mall

Continuing the Diamond Mall acquisition saga. On January 5, Multiplan published a statement claiming to have signed a purchase and sale agreement with Clube Atlético Mineiro.

The commitment refers to a 24.95% stake in Diamond Mall, giving Multiplan 75.05% of the asset if the acquisition is completed.

The acquisition price will be R$170 million, of which R$68 million will be paid in cash and R$102 million divided into 12 monthly instalments. However, the company will only start paying after signing the final deed.

Completion is subject to compliance with conditions precedent, including approval by CADE (Administrative Council for Economic Defense).

We have been reporting every phase of this deal since its beginning here at SiiLA Insights. You can search for all Multiplan-related content.