CPPIB-backed Aliansce Sonae, shopping mall owner, developer and manager in Brazil, offered to acquire brMalls, a Brazilian company that operates shopping center management, for $267m. "This merger of equals has the capacity to strengthen the combined company’s business, taking advantage of the talents and best practices of each company... In addition, it should generate several growth opportunities," Aliansce. On April 19, 2022, Aliansce Sonae increased its offer from $244m to $267m.