Davis Polk advised BR Malls on a primary offering of common shares for an aggregate amount of R$1.7 billion (approximately $527 million).
The common shares trade on the São Paulo Stock Exchange. Common shares sold in the international offering were placed under Rule 144A and Regulation S
BR Malls is one of the largest shopping mall operators in Brazil.
Davis Polk team included lawyers in the São Paulo and New York offices. Partner Manuel Garciadiaz fronted the transaction.