Brazil's Gafisa Wooed by Zell, GP

Brazil's Gafisa Wooed by Zell, GP

Brazil M&A Funds

Brazilian homebuilder Gafisa is pondering a purchase proposal by billionaire real estate investor Sam Zell together with GP Investimentos. Gafisa officials admitted receiving a “preliminary asset purchase offer” and said they are analyzing the terms, but declined to offer additional details. The proposal would mean Zell’s repeat involvement with Gafisa after his investment company, Equity International, sold off its final 2.7% stake – or 11.7m shares – in the real estate developer in August of 2

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