Bloomberg News

Michael Klein Rules Out Buying Control of Via Varejo

May 14, 2012

Michael Klein said buying the controlling stake at Via Varejo SA now held by Cia. Brasileira de Distribuicao Grupo Pao de Acucar is “out of the agenda,” according to an e-mailed statement.

“This subject is out of the agenda and there is nothing going on,” Klein said in an e-mail sent by his press officer, answering Bloomberg’s questions.

Valor Economico earlier reported that the Klein family was seeking to buy the stake, without saying how it obtained the information.

Pao de Acucar said it didn’t get any proposal to negotiate Via Varejo, according to a statement sent by e-mail by its press office.

To contact the reporter on this story: Fabiola Moura in Sao Paulo at fdemoura@bloomberg.net

To contact the editor responsible for this story: Taís Fuoco at tfuoco1@bloomberg.net


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