Gafisa Rejects Zell, GP Offer

Mar 1, 2012

Brazilian homebuilder Gafisa has turned down an offer by GP Investimentos and Sam Zell’s Equity International to purchase some of Gafisa’s assets. It does not disclose the amount of the offer or what assets were involved, and officials at...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management