BRIEF-PDG Realty signs memorandum with banks to restructure debt

viernes 6 de mayo de 2016 11:39 GYT

May 6 (Reuters) - PDG Realty SA Empreendimentos e Participacoes :

* Said on Thursday that it signed memorandum of understanding with Banco do Brasil SA, Banco Bradesco SA, Caixa Economica Federal and Itau Unibanco SA to formalise possible debt restructuring agreement

* Says that if formalised, the agreement will cover up to 60 percent of its gross financial debt (at end of Dec. 2015), corresponding to about 3.7 billion Brazilian reais ($1.05 billion)

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($1 = 3.5255 Brazilian reais) (Gdynia Newsroom)