Find in the news:

BR Malls and Sonae create the largest shopping mall chain in Brazil

BR Malls Participacoes and Aliance Sonae Shopping Centers may merge to form Brazil's largest mall operator.
BR Malls and Sonae create the largest shopping mall chain in Brazil

As a result of the merger, Alliance Sonae Shopping Centers and BR Malls Participacoes will become Brazil's largest mall operator. The combined company will be valued at more than 12 billion reais, or $2.6 billion. 

As reported by Reuters, Aliansce Sonae has offered to buy BR Malls in order to create the country's largest chain of malls, consisting of almost 70 shopping centers. 

BR Malls and Aliansce Sonae are currently the second- and third-largest mall operators in Brazil. BR Malls is capitalised at R$7.2 billion and Aliansce Sonae is valued at R$5.6 billion. On the news of the new proposal, BR Malls shares rose more than 7%, while Aliansce Sonae securities rose 1.5%. 

In a fight between malls and the rapidly growing e-commerce market, whose position has improved dramatically over the past two years, this deal may be landmark. 

Aliansce Sonae is offering BR Malls shareholders a cash payment of R$1.25 billion and a 55.2% stake in the combined company. The payout comprises 326 million Aliansce shares worth R$6.9 billion. 

Past offers have been rejected by shareholders of BR Malls, who said they would negotiate if the terms of the offer represented "fair value" for the company. The common shareholder of the two companies is the Canadian Pension Investment Board (CPPIB), which owns 28.5% of Aliansce and 10.8% of BR Malls. 

More about shopping malls in Brazil

David Beckham has signed a multi-year design deal with Hugo Boss
Fashion retailer Esprit has commenced insolvency proceedings for its European holding company.
May 15, 2024, USA:
The company has enlisted Goldman Sachs to assist in reviewing its portfolio.
May 14, 2024, France:
Sephora has opened pop-up stores in select cities along the torch relay route.
May 13, 2024, USA:
J.C. Penney might benefit from opening new stores despite its ongoing profitability concerns.
May 8, 2024, France:
Hoka has launched its first Parisian store in the bustling Opéra district of the French capital.
and Follow
South Coast Plaza GLA:2 800 000 SF
ADDRESS: 3333 Bristol St, Costa Mesa, CA 92626
USA . Los Angeles
South Coast Plaza
Woodfield Mall GLA:2 200 000 SF
ADDRESS: 5 Woodfield Mall, Schaumburg, IL 60173
USA . Schaumburg
Woodfield Mall
Optimum Outlet GLA:421 127 SF
ADDRESS: ve Eglence Merkezi | Istiklal Sokak No.2/B Yenisahra/Atasehir
Turkey . Istanbul
Optimum Outlet
Queens Place GLA:440 000 SF
ADDRESS: 88-01 Queens Boulevard Elmhurst, NY 11373
USA . New York
Queens Place

Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by administrator.


Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by administrator.

Sign in
Sign in please, if you already have an account


Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please. Team
Thank you for message!
In the near future you will be contacted the manager
for further details. Team
Good mall, bro!
In the near future you will be contacted the manager
for further details. Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details. Team

Write to us