Brazil banks could pay over £827m for Havaianas maker

Brazil’s banking clans could to pay over £827m 3.5bn reals for Shares in Havaianas flip-flop maker Alpargatas for a majority stake in Havaianas. Proceeds from a sale of Alpargatas, whose shares are up sharply this year, could help pay down the heavy debt load of owners, who are also implicated in a corruption scandal. Cambuhy Investimentos…