February 12, 2019 |
GWI Asset Management has confirmed that it could sell some or all of its stake in the Brazilian real estate developer Gafisa.
The investment firm "is holding discussions with third parties which may result, among other alternatives, in the full or partial disposal of its stake in Gafisa," the developer said in a securities filing.
The discussions are still in the early stages and may not result in a sale, GWI said, according to the statement from Gafisa.
GWI recently sold shares in Gafisa to
Investment firm negotiates the sale of some or all of its stake in the Brazilian real estate developer