Brazil Developer Unloads Project

Brazil Developer Unloads Project

Brazil M&A

Brazilian commercial and industrial real estate developer WTorre has agreed to sell 2 subsidiaries to a consortium formed by pension fund FUNCEF and builder Engevix Engenharia, for BRL410m. It is offloading the WTorre ERG Empreendimentos Navais e Portuarios and WTorre Oleo e Gas Construcoes Navais units, project companies for the Estaleiro Rio Grande dry dock project in Rio Grande do Sul state. The sale will raise funds for the developer to focus on its core commercial projects, IR director Brun

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