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Brazilian Billionaire Marcel Telles Hands Stake in World s Biggest Brewer to Son
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3G Capital Billionaire Telles Donates AB InBev Beer Stake to His Son
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3G Capital Billionaires Snap Up Real Estate Bargains
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February 11, 2021
February 11, 2021
The private equity titans behind
3G Capital Inc. and their families are taking advantage of distressed real estate prices in Brazil, where the economy has been battered by Covid-19 and the botched government response.
Firms linked to billionaires
Marcel Telles and
Carlos Alberto Sicupira are increasing bets on strip malls, office space and long-term rental apartments. The goal is to seize opportunities created by the pandemic in a nation that’s leading the world in daily Covid deaths.
“The next 18 months will be very challenging for commercial real estate and that’s the time to make purchases, because sellers tend to get more flexible on prices,” said