Gafisa vende sua participação no Fasano Itaim

This week, the company's shares had already closed higher, up 27.2% at R$ 8.00.

Gafisa acquired the stake in the project in December 2020 for R$ 310 million

By: SiiLA News

12/30/2022

Construction and development company Gafisa announced yesterday evening that it has signed an agreement to sell 80% of its investment in the Fasano Itaim project, as well as the hotel operations, for R$ 330 million, which includes R$ 246.6 million in debt.

"This transaction demonstrates Gafisa Propriedades' ability to restructure assets and generate value for Gafisa shareholders by investing in high-yield projects," the company said last Thursday.

The completion of this transaction is still subject to certain conditions, such as the reorganization of Gafisa Propriedades (a subsidiary of the company) for the transfer of assets covered by the contract.

This week, the company's shares had already closed higher, up 27.2% at R$ 8.00.

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