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BR Malls denies reports of merger talks with Aliansce
June 6, 2017 / 12:56 PM / 3 months ago

BR Malls denies reports of merger talks with Aliansce

SAO PAULO, June 6 (Reuters) - Brazilian mall operator BR Malls Participações SA on Tuesday denied media reports saying it was negotiating a merger with rival Aliansce Shopping Centers SA.

Shares in both firms jumped on Monday in the wake of the reports, originally published by newspaper O Globo. In a securities filing, BR Malls also denied it had hired a financial advisor to sound out such a transaction. (Reporting by Bruno Federowski and Paula Laier)

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