BRIEF-PDG Realty signs memorandum with banks to restructure debt
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)
Source text: bit.ly/1SS2I6X
Further company coverage:
($1 = 3.5255 Brazilian reais) (Gdynia Newsroom)
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