C&A-Holding to List its Subsidiary in Brazil on the Stock Exchange

The Brenninkmeijer clan is unexpectedly planning an Initial Public Offering (IPO) of its C&A fashion stores in Brazil. But in the run-up phase, some facts were made public that the family would have preferred to keep hidden.

RIO DE JANEIRO, BRAZIL - In Brazil, the Brenninkmeijer clan, known for its discretion, is planning an IPO for its C&A subsidiary. If possible, this would be carried out below the public radar: since February this year, the Brazilian stock exchange regulatory agency CVM ["Comissão de Valores Mobiliários", equivalent to the U.S. SEC] has legally created the option for a "confidential IPO".

However, it appears that CVM has not yet . . .

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