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Hedge Fund Taking Stake in Brazil’s B2W

WSJ – Technology-focused hedge fund Tiger Global Management LLC will invest as much as 1.2 billion Brazilian reais ($500 million) in B2W Companhia Digital SA,Brazil’s largest online retailer by revenue.

The investment will be part of a capital increase of 2.38 billion reais, B2W said over the weekend, without saying how big a stake the U.S. fund will be buying.

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