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J&F to sell Alpargatas for $1.1 billion

17/07/2017
J&F to sell Alpargatas for $1.1 billion

J&F Investimentos has agreed to sell casual footwear manufacturer Alpargatas to the investment units of two of Brazil’s most important banking families for 3.5 billion reais ($1.1 billion), Reuters has reported.  Reports earlier in the week had suggested that the deal had collapsed due to a disagreement over price. A financial filing on July 12...

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