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Brazilian banks could acquire Alpargatas

According to insiders with knowledge on the matter, family-run Brazilian banks Cambuhy Investimentos and Itaúsa Ivestimentos could acquire majority stakes worth R$3.3-3.5 billion (US$1-1.1 billion) in footwear maker Alpagartas.


Brazilian footwear exports exceed expectations in May

Total footwear exports increased both in volume and in value in May 2017 compared with the same month last year, but still reflect transactions carried out at the end of 2016 when exchange rates were more favourable when fixing prices.