Gafisa will sell up to 30% of the Tent for Jaguar Growth Asset

São Paulo – the Board of Directors of Gafisa has accepted a proposal from the Jaguar Growth Asset Management to sell, in private operation, up to 30% shares of construtora Tenda economic real estate at 8.13 for paper, informed the company in fact on Wednesday.
The contract, which evaluates the tent at 539,020,000 reais, provides for payment of 50 million reais until 31 December 2018 and the remaining balance until the end of 2019, which may be anticipated, according to the statement.
According to the document, Gafisa''s shareholders may exercise the right of first refusal to acquire shares representing the capital of the 20% Tent.