Billionaire Brazil Family Is Top Shareholder in France’s Elis
- Moreira Salles’ family office now owns 15% of services company
- Investment firm says it has no plans to seek control of Elis
Photographer: Paulo Fridman/Bloomberg
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Brazil’s billionaire Moreira Salles family boosted its stake in French services company Elis SA, becoming the largest shareholder.
BWSA, the Sao Paulo-based investment firm that acts as the family office for the Moreira Salles, now holds 15.07% of Elis, or 35.7 million shares, equivalent to 13.21% of voting rights, according to a filing in France on Friday.