Billionaire Brazil Family Is Top Shareholder in France’s Elis

Brazil’s billionaire Moreira Salles family boosted its stake in French services company Elis SA, becoming the largest shareholder.

BWSA, the Sao Paulo-based investment firm that acts as the family office for the Moreira Salles, now holds 15.07% of Elis, or 35.7 million shares, equivalent to 13.21% of voting rights, according to a filing in France on Friday.

Pedro Moreira Salles, co-chairman of Itau Unibanco Holding SA

Photographer: Paulo Fridman/Bloomberg *** Local Caption *** Pedro Moreira Salles

BWSA last held 11.57% as of a Nov. 4 filing, just below the Canada Pension Plan Investment Board. Its stake has grown from 6.8% at the end of 2023.

In the Friday filing, BWSA said the shares were bought in the ...