PDG Board Approves Vinci Entry

PDG Board Approves Vinci Entry

Brazil Equity Funds

PDG Realty's board has approved a plan from private equity firm Vinci partners to raise BRL800m ($390m), the homebuilder says. Under the proposal, unveiled last week and aimed at strengthening PDG’s finances, Vinci would raise BRL800m through the sale of warrants entitling each holder to one new share and one convertible debenture at BRL4.02 each. This represented an 11.4% premium to the previous closing share price and a 20.7% premium to Monday’s BRL3.33 close. The debentures acquired under the

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