April 24, 2017 / 5:45 PM / a year ago

Brazil's Hypermarcas shareholders deny talks to sell stake -filing

SAO PAULO, April 24 (Reuters) - Hypermarcas SA said on Monday that two key shareholders have denied participating in negotiations to sell its stake in the Brazilian drugmaker, according to a securities filing.

Reuters reported that families owning investment vehicles Igarapava Participações SA and Maiorem SA de CV, which hold a combined 34 percent on Hypermarcas, had hired the investment banking units of Banco Bradesco SA and Credit Suisse Group AG to advise on a sale. None of the potential bidders have delivered binding proposals yet, one person with knowledge of the matter said. (Reporting by Bruno Federowski and Tatiana Bautzer; Editing by Richard Chang)

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