Iguatemi reported this Wednesday that it is holding talks to purchase the Pátio Higienópolis and Pátio Paulista shopping malls from Brookfield, but denied that it is negotiating support from a bank union to complete a possible transaction, according to a statement to the market.
“Iguatemi reiterates that it continues in negotiations to complete the operation, on an exclusive basis… and in negotiations with other financial partners and mall owners who will eventually participate in the operation together with Iguatemi”, stated the company in the text.
But the company stated that “it does not confirm the information that it is negotiating with a syndicate of banks to take out a bridge loan to complete the acquisition of shares in the projects…nor does it confirm the news that it would be the guarantor of debt to be paid off in the future for funds that may participate in the operation.”
The Broadcast Column published the day before that Iguatemi was negotiating a bridge loan to complete the transactions.
Last week, Reuters published that Canadian asset manager Brookfield and Iguatemi were close to an agreement involving the two shopping malls in the city of São Paulo, with the aim of reaching an agreement by the end of this month, according to sources.
The sale of the two shopping centers, valued at close to R$2.5 billion, when completed, will mark Brookfield’s exit from the shopping mall sector in Brazil, sources told Reuters.
