MRV admits interest in US market

MRV admits interest in US market

M&A Equity Brazil US

Brazil's MRV Engenharia said it is studying a "potential investment" in the US real estate company AHS Residential, which was founded by MRV CEO Rubens Menin. "Being in the US market (which has huge potential) is an important diversification strategy for MRV," the Brazilian company said in a securities filing on Tuesday evening. MRV has not reached an agreement with AHS and it has to get approval from an independent board and shareholders before it can make an investment, the company added. M

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