J&F Investimentos, the Brazilian conglomerate that owns the majority of Alpargatas, may have to sell the company to enable a major shareholder to pay a reported R$11 billion ($3.37 billion) fine. Joesley Batista, his brother Wesley and four other executives agreed to pay the fine in a reported plea bargain with Brazilian judicial authorities over a major bribery scandal. The owners of J&F have also been involved in other investigations for alleged insider trading and other offenses over the past 12 months.

J&F Investimentos bought a 44% share ... Log in to view full article.