Iguatemi sells stakes in 5 malls for R$876M, trims exposure

Iguatemi, a Brazilian shopping mall operator, sold minority stakes in five properties for R$876 million, including 36% of Iguatemi Alphaville and 35.55% of Praia de Belas. The divestiture reduces leverage and refocuses capital, likely boosting liquidity. Market reaction will hinge on valuation and use of proceeds.