Thursday, April 11, 2019

B2w confirms negotiating purchase of Netshoes

Owner of the brands and Submarino, B2W confirmed this Wednesday, 10, which analyzes possible acquisition of commerce site Netshoes. To this end, the company hired the advice of Bank BTG Pactual. "There is, so far, any decision of the company about a possible acquisition of shares, nor any binding document," he said, in response to questioning from the Brazilian Securities Commission (CVM) in relation to reports published by the press on Tuesday, pointing to B2W and Magazine Luiza stalled dispute to be with Robert Magee. Sought, the Magazine Luiza did not comment. The e-commerce site seeks a buyer for a long time and is considered to be a problematic market operation. With publicly traded in the United States, has suffered with distrust Netshoes of investors. The company opened your capital in April 2017, with the price of $ $14.50. Soon after, saw their roles up and came to be worth $ $24.50. From then on, went into a negative cycle and today each share is traded just over $ $2. The company's current market value is $ $68 million. The financial data show that it accumulates losses net of almost R $300 million between 2014 and 2017. The results of the first three quarter of 2018 show increased losses.
O Estado de S. Paulo - 10/04/2019 News Item translated automatically
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