January 11, 2013 / 6:25 PM / 5 years ago

Pão de Açúcar share auction grows to 17 mln shares -trader

SAO PAULO, Jan 11 (Reuters) - An auction of preferred shares of Grupo Pão de Açúcar has been expanded to 17 million shares from 13 million shares previously, a trader with knowledge of the transaction said on Friday.

Pão de Açúcar’s chairman, Abílio Diniz, has offered to sell part of his stake in Brazil’s biggest retailer as part of a plan to diversify his holdings and reinvest in other local companies, another source told Reuters earlier on Friday on condition of anonymity.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below