BR Properties SA (BRPR3.SA)
11 Dec 2017
Latest Key Developments (Source: Significant Developments)
BR Properties SA
GP Investments Ltd's unit launches tender offer for up to 172.4 mln common shares of BR Properties SA
GP Investments Ltd:Says GP Real Properties II C LLC has published a notice of tender offer to acquire a minimum of 112.8 million and a maximum of 172.4 million common shares of BR Properties SA, corresponding to 37.81 percent and 57.81 percent of its share capital respectively.Says GP Real Properties II C LLC to reach more than 50.7 percent and up to 70.0 percent stake in BR Properties SA if tender offer is successfully concluded.Auction date is May 11. Full Article
SAO PAULO, June 16 BR Properties SA, one of Brazil's largest listed commercial property companies, has filed for permission to raise fresh capital in a domestic equity offering, to refinance existing debt and fund potential acquisitions.