BRIEF-PDG Realty sells REP to LDI Desenvolvimento Imobiliario

martes 10 de mayo de 2016 11:09 GYT

May 10 (Reuters) - PDG Realty SA Empreendimentos e Participacoes :

* Said on Monday that it would sell its 58.1 pct stake in REP Real Estate Partners - Desenvolvimento Imobiliario SA (REP) to LDI Desenvolvimento Imobiliario SA (LDI)

* In consideration for the company's stake in REP, LDI will give the company 26 properties located in Sao Paulo valued at 33.9 million Brazilian reais ($9.8 million)

* Additionally, the company's net debt will be reduced by about 237.0 million reais

Source text:

Further company coverage:

($1 = 3.4767 Brazilian reais) (Gdynia Newsroom)