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SAO PAULO, Dec 14 (Reuters) - Brazil's Gafisa SA has agreed to sell a minority stake in Construtora Tenda SA in a private deal following the collapse of a planned initial public offering for its low-cost homebuilding subsidiary.
In a securities filing on Wednesday, Gafisa said it agreed to sell up to 30 percent of Tenda to Jaguar Growth Asset Management LLC at a price of 8.13 reais per share. The deal values Tenda at 539 million reais ($161 million), according to the filing.
$1 = 3.3378 reais Reporting by Guillermo Parra-Bernal; editing by David Clarke