Deals
Billionaire Camargo Clan Sells Maker of Havaianas
- JBS controller J&F to pay $718 million in cash for Alpargatas
- Camargo is selling assets after builder’s antitrust fine
Camargo Correa SA, the holding company of the billionaire Camargo sisters, said it is selling the maker of Havaianas flip-flops to J&F Investimentos SA for 2.7 billion reais ($718 million).
J&F, a holding company that controls the world’s largest meat exporter JBS SA, will acquire control of Alpargatas SA, the publicly-traded company that includes Havaianas among its brands, according to a regulatory filing Monday.