November 3, 2016 / 3:07 PM / in a year

Renner says Brazil nods to foreign partner in consumer finance unit

SAO PAULO, Nov 3 (Reuters) - Lojas Renner SA, Brazil’s most profitable apparel retailer, said on Thursday that the government approved the entry of a foreign partner in consumer finance unit Realize Crédito, Financiamento e Investimento SA.

In a securities filing, Renner said it will control Realize. The permission will bolster Renner, whose capital is mostly owned by foreign investors, the filing added. (Reporting by Paula Laier; Writing by Guillermo Parra-Bernal)

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