Brazilian mall operator BR Malls will offer case-by-case rent forgiveness By Reuters

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Brazilian mall operator BR Malls will offer case-by-case rent forgiveness

Stock Markets Jun 05, 2020 04:05PM ET

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Brazilian mall operator BR Malls will offer case-by-case rent forgiveness

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BRASILIA (Reuters) - Brazil's largest mall operator BR Malls Participacoes (SA:BRML3) will offer partial rent forgiveness on a case-by-case basis at the shopping centers it has reopened, by discounting the normal rent rate, Chief Executive Ruy Kameyama said on Friday.

The company said on Thursday that all of its malls should be reopened by July, after closing because of the novel coronavirus pandemic.

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