The transaction was concluded today simultaneously with the signing of the purchase and sale agreement, Guararapes reported.
Of the total amount, a portion of BRL 805 million was paid in cash, and the remaining balance, which would be paid in four annual installments on the anniversary of the closing date, will be settled on December 29, 2025, through an advance payment transaction that Riachuelo entered into with BTG Pactual.
“The company carried out this anticipation operation taking into account the benefits related to capturing tax efficiencies, in addition to reducing financial expenses and mitigating risks,” explained Guararapes.
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