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Multiplan will pay Atlético Mineiro R$340 million for remaining DiamondMall stake

As a result, the company now holds a 100% stake in the business

Multiplan recently announced that it exercised its preemptive right and acquired, for R$340 million, a 49.9% stake in the DiamondMall shopping centre in Belo Horizonte, which belongs to Clube Atlético Mineiro.

According to Multiplan, R$ 136 million will be paid in cash, with the remaining R$ 204 million to be transferred to the football club in 12 months, indexed to the official inflation index (IPCA).

In May, the deliberative council of the Minas Gerais club approved the sale of 49.9% and intended to raise at least R$ 320 million to reduce its debts.

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