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One of Brazil's wealthiest families is looking to increase its stake in Alpargatas SA, the maker of the iconic Havaianas flip flops, in an offering that would make it the biggest holder of the firm.
The Moreira Salles family offered to buy as much as 32 million preferred shares of Alpargatas through an investment vehicle owned by its private equity firm Cambuhy Investimentos Ltda and its family office Brasil Warrant Gestao de Investimentos, according to a filing Monday. The proposed price of 10.5 reais apiece implies a 17% premium over Friday's close.