Brazil shoemaker Alpargatas to promote unit controlling Topper model

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Brazil shoemaker Alpargatas to promote unit controlling Topper model

BRASILIA, Dec 27 (Reuters) - Attire maker Alpargatas SA ALPA4.SA mentioned in a securities submitti


BRASILIA, Dec 27 (Reuters)Attire maker Alpargatas SA ALPA4.SA mentioned in a securities submitting on Friday that Brazilian entrepreneur Carlos Wizard Martins would train his proper to purchase full management over its unit that controls the Argentinian sportswear model Topper.

Martins purchased 21.8% of the Alpargatas S.A.I.C. unit (ASAIC) that controls Topper globally in 2018 and held the proper to purchase the remaining stake. The whole buy worth of ASAIC will probably be 260 million reais ($64.28 million), discounting 40 million paid beforehand, Alpargatas mentioned.

($1 = 4.0446 reais)

(Reporting by Jake Spring Modifying by Leslie Adler)

(([email protected]; +55 61 99653-2429; Reuters Messaging: [email protected] / Twitter: https://twitter.com/jakespring))

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