Brazil builder Brookfield says controlling owner plans delisting

SAO PAULO Fri Feb 14, 2014 3:54pm EST

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SAO PAULO Feb 14 (Reuters) - Brazilian real estate developer Brookfield Incorporações SA said on Friday its controlling shareholder planned to delist the company from the country's stock exchange, offering a 29 percent premium to buy out minority shareholders.

Brookfield Brasil Participações plans to offer up to 1.60 reais per share for some 268.6 million shares in circulation, according to a securities filing. Brookfield's stock closed 5 percent higher on Friday at 1.24 reais per share. (Reporting by Juliana Schincariol)

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