Vinci Shopping celebrates Memorandum for the acquisition of 4 malls

The total amount of the transaction is os R$ 659,500,000.

Vinci Shopping celebrates Memorandum of Understanding for the acquisition of 4 malls

By: SiiLA News

07/08/2021

In a Relevant Fact issued this Wednesday (7th), the FII Vinci Shopping Centers informed the market that it has entered into the Memorandum of Understanding ("Agreement") with Ancar Ivanhoe for the acquisition of 4 malls. Are they:

1) 21.4995% of Pantanal Shopping in Cuiabá, MT.

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2) 49.0% of Porto Velho Shopping in Porto Velho, RO.

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3) 40.0% of Boulevard Rio Shopping in Rio de Janeiro, RJ.

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4) 100% of North Shopping Maracanaú in Maracanaú, CE.

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The total amount of the transaction is os R$ 659,500,000.

The document also states that the Agreement does not guarantee that the Fund will effectively conclude the transaction since it is subject to the fulfillment of precedent conditions, including but not limited to the satisfactory completion of asset due diligence, right of first refusal of co-owners, and approval from the Administrative Council for Economic Defense - CADE, whose approval request was filed on this date. The parties are still defining the optimal capital structure for the completion of the transaction, which will be communicated to the market in due course, along with more details of the acquisition terms.

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