SAO PAULO, Nov 1 (Reuters) – Brazilian apparel maker Alpargatas ALPA4.SA said on Monday it has received a binding offer from Dass Nordeste Calçados e Artigos Esportivos SA to buy its 60% stake in surfwear brand Osklen.
The offer puts the total Enterprise Value of Osklen at up to 400 million reais ($70.43 million), Alpargatas said in a securities filing.
Alpargatas said the selling of its stake was in line with its strategy to focus on flip-flop brand Havaianas and expand into new brands and products.
($1 = 5.6797 reais)
(Reporting by Alberto Alerigi Jr.; writing by Stephen Eisenhammer; editing by Chris Reese)
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