PDG Wins in Brazil Housing M&A
PDG Realty’s acquisition of Agre for almost $1.4bn in stock to form Brazil’s largest homebuilder is positive for the buyer, say equity analysts. “[The deal] creates Brazil’s largest homebuilding company, capturing all the benefits offered by combining size and scale gains, and what is likely to be the sector’s highest stock liquidity,” says BTG. “PDG is once again carrying out at a transformational...
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