Mover Sells Motiva Stake to Bradesco BBI to Clear Debt

Brazil · Business Key Facts —The seller. Grupo Mover, the Brazilian holding formerly known as Camargo Correa, sold its entire 14.86% stake in Motiva through the vehicles Sucea Participacoes and Sincro Participacoes. —The buyer. Bradesco BBI, the wholesale and investment arm of Banco Bradesco. —The price. More than R$5 billion, about US$900 million at current…