Sonae Sierra Sells Stake in Shopping Mall to Credit Suisse Fund

Sonae Sierra Brasil SA (SSBR3) said it sold a 5.1 percent stake in a shopping mall to CSHG Brasil Shopping FII, a fund managed by Credit Suisse (CSGN) Hedging-Griffo, a Brazilian asset manager owned by Credit Suisse Group AG, according to a regulatory filing.

The fund paid 11.5 million reais in cash for the stake, Sonae Sierra said in the statement.

To contact the reporter on this story: Adriana Brasileiro in Rio de Janeiro at abrasileiro@bloomberg.net

To contact the editor responsible for this story: Fabiola Moura at fdemoura@bloomberg.net

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