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Provider: Thomson Reuters StreetEvents

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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

Friday, 11 Jan 2013 07:46am EST 

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. 

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