Home / Business and Economy / Advent Explores Sale of Brazilian Manufacturer Tigre SA
Advent Explores Sale of Brazilian Manufacturer Tigre SA
24 Jul
Summary
- Advent hired Morgan Stanley to explore selling its stake.
- The target is Brazilian manufacturer Tigre SA.
- Discussions are in early stages and may not proceed.
Advent, a prominent investment firm, has engaged Morgan Stanley to investigate the possibility of selling its stake in Tigre SA. This Brazilian company specializes in the manufacturing of pipe and hydraulic systems.
Sources familiar with the matter indicate that these discussions are currently in their preliminary phase. It remains a possibility that Advent may decide against moving forward with any transaction.
The situation is ongoing, and further developments are anticipated as these exploratory talks progress. No final decision has been reached regarding the sale of Advent's interest in Tigre SA.
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