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So far just two companies on the Bovespa Lojas Renner, a retailer, and Eternit, a building-materials firm have no controlling shareholder.
ECONOMIST: A rash of listings and an outbreak of shareholder democracy
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Aside from their stake in Anheuser, they stand to add to their billions through Brazilian retailer Lojas Americanas--its stock has more than doubled since March.
FORBES: Valuations
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And like CBD, Wal-Mart has struggled in this volatile market, mounting a failed joint venture with Lojas Americanas and enduring a 35% drop in the Brazilian currency, thereal, in 2002.
FORBES: Outmuscling Wal-Mart