BNP Paribas buys stake in Magazine Luiza’s insurance division
Credit: Shutterstock/rafapress
Vinson & Elkins LLP in New York and Washington, DC and Machado Meyer Advogados in São Paulo have helped the insurance division of BNP Paribas buy out Brazilian retailer Magazine Luiza from the companies’ insurance joint venture, a deal worth 1 billion reais (US$201 million).
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