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Fly News Breaks for May 15, 2019
CBD
May 15, 2019 | 11:00 EDT
After Via Varejo confirmed recent reports that Michael Klein is hiring a financial advisor to evaluate the potential acquisition of shares, JPMorgan analyst Joseph Giordano said he views the news as "slightly positive" for Via and positive for Companhia Brasileira de Distribuicao, as it may indicate that the latter is closer to finding a buyer for its stake, or at least part of its stake, in Via. He has an Overweight rating on Companhia Brasileira de Distribuicao shares.
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