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Brazil's Centauro lifts Netshoes buyout offer by 11%

Grupo SBF SA, operator of Brazil's Centauro stores, again boosted its offer for online sports retailer Netshoes Cayman Ltd, this time to $4.10 per share, the latest move in a bidding war with Magazine Luiza SA.

SAO PAULO, June 13 (Reuters) - Grupo SBF SA CNTO3.SA, operator of Brazil's Centauro stores, again boosted its offer for online sports retailer Netshoes Cayman Ltd NETS.N, this time to $4.10 per share, the latest move in a bidding war with Magazine Luiza SA MGLU3.SA.

According to a securities filing on Thursday night, the new offer raises the value of Grupo SBF's bid to about $127.3 million, a 10.8% rise over the previous $3.70 per share bid. Earlier on Thursday, Magazine Luiza matched Centauro's previous offer of $3.70.

(Reporting by Gabriela Mello; Editing by Christian Plumb)

((Gabriela.Mello@thomsonreuters.com; +55 11 5644 7553; Reuters Messaging: gabriela.mello.reuters.com@reuters.net))

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