Brazil's Rich Family Wants To Sell Alpargatas To Pay A Huge Fine.

Two people familiar with the matter said on Friday that private equity firm Cambuhy Investimentos Ltda and M & amp; GP GP Investments Ltd are considering Havaianas. Slipper The manufacturer Alpargatas SA has proposed the offer, and the controlling shareholder of Alpargatas has planned to sell the company.

Founded in 1907, Alpargatas is one of Brazil's largest shoemaking enterprises.

Under the leadership of banker Marcelo Medeiros, Cambuhy is negotiating with Brazil's richest Batista family for 86% of their Alpargatas stake. Cambuhy is another investment organization of Brazil's other rich Moreira Salles family.

GP Investments is one of the largest M & A investment companies in Latin America. footwear and Sportswear Companies and insiders say that the relevant interest groups also have shareholders of Grupo Boticario, a cosmetics manufacturer in Brazil.

J&F Investimentos SA (shareholders of Batista family investment organization), Cambuhy and GP Investments did not comment on the news, Grupo Botic Botic Rio has not yet commented.

In 2015, the Batistas family defeated Cambuhy and 6 other competitors and gained the controlling stake of Alpargatas Alpargatas at the price of 2 billion 700 million Brazil real estate. After that, the share price of Alpargatas almost doubled.

The sale of Alpargatas will help J&F divestiture. The company reached a leniency deal with the federal prosecutor's office in Brazil last month. It will pay a penalty of 103 billion Brazil real estate in 25 years so as not to go to other penalties for bribes. The federal prosecutor's office of Brazil says it is the highest settlement in the world.

According to the world clothing and shoe net, Batistas considered selling part or all of the shares of Alpargatas and dairy producer F bricade Produtos Aliment CIOs Vigor SA earlier this year.

Joesley Batista and Wesley Batista, which sign the lenient agreement, are negotiating on the sale of Alpargatas. Reuters reported earlier that Chile's Empresas Copec SA COP.SN had offered a takeover offer to Eldorado owned Brasil Celulose SA, a pharmaceutical company owned by J&F.

Alpargatas's preferred stock price rose 2.5% to 12.8 in the afternoon trading market on Friday afternoon, and Real, Brazil, has risen 29.5% this year.

(currently 32.85 Brazil's 100 dollars)

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