Key Developments: B2W Companhia Global Do Varejo (BTOW3.SA)
12.01BRL
4:36pm EDT
R$ 0.46 (+3.98%)
R$ 11.55
R$ 11.39
R$ 12.49
R$ 10.94
759,800
676,597
R$ 19.92
R$ 5.05
Latest Key Developments (Source: Significant Developments)
B2W Companhia Global do Varejo Updates on Sale of Exclusivity Rights Held by Lojas Americanas SA Following Dissolution of Partnership with Itau Unibanco Holding SA in FAI to Itau Unibanco Holding SA
B2W Companhia Global do Varejo announced that following the information disclosed to the market on January 2, 2013 that its controlling company Lojas Americanas SA (LASA) offered the Company the part of exclusivity rights acquired by LASA for the supply, distribution and commercialization of financial products and services, insurance and private pensions through distribution channels of the Company in the framework of closing of the partnership with Itau Unibanco Holding SA in FAI - Financeira Americanas Itau SA Credito, Financiamento e Investimento. The Company and LASA will finalize the rights transfer through the payment of BRL 16,500,000 which will take place on January 11, 2013. Full Article
B2W Companhia Global do Varejo Announces Approval of Sale of Stake Held by Lojas Americana SA in FAI to Itau Unibanco Holding SA
B2W Companhia Global do Varejo announced that, following information disclosed to the market on August 9, 2012, Banco Central do Brasil approved the sale of the total number of shares held by its controlling shareholder, Lojas Americanas SA, in FAI-Financeira Americanas Itau SA Credito, Financiamento e Investimento to Itau Unibanco Holding SA. Full Article
Polo Capital Gestao de Recursos Reaches Stake of Over 5% in B2W - Companhia Global do Varejo
B2W - Companhia Global do Varejo announced that Polo Capital Gestao de Recursos has reached a stake of over 5% in the Company’s capital. Further details were not disclosed. Full Article
B2W - Companhia Global do Varejo Completes BRL 1 Billion Capital Increase
B2W - Companhia Global do Varejo announced that it has completed the capital increase approved by the Board of Directors on March 23, 2011. All 46,253,470 ordinary shares issued by the Company were subscribed, at the issue price of BRL 21.62 per share, totaling BRL 1,000,000,021.40. As a result of this operation, the Company’s capital was raised from BRL 182,490,642.34 to BRL 1,182,490,663.74, represented by 159,816,337 ordinary shares. Full Article
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