Overview:
- Sonae Sierra Brasil and Aliansce Shopping Centers have merged in a transaction valued at BRL7 billion (USD$1.7 billion).
- Aliansce's shareholders will own a 67.9% stake in the merged entity and Sonae Sierra's shareholders will own a 32.1% stake.
- The portfolio of the combined company will include 40 malls.
Rani Mehta - Latin America Editor