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Construtora Tenda SA Announces Capital Increase
Equity International Buys 4.86% Stake in Construtora Tenda SA
Construtora Tenda SA Appoints Alceu Duilio Calciolari as Its New Chief Financial Officer and Director of Investor Relations
Construtora Tenda SA is located in Sao Paulo / Brazil and is an engineering company.
Real Estate Operations
Rua Alvares Penteado , 61 - Centro
Claudio Jose Carvalho de Andrade
Chairman of the Board
Chief Executive Officer
Chief Financial Officer and Investor Relations Officer
Marcelo de Melo Buozi
Operational Executive Officer
Ricardo Couto de Prada
Operational Executive Officer
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Brazil's Regional Development Ministry has received 1 billion reais ($266.30 million) to resume the housing subsidies program Minha Casa Minha Vida, presidential spokesman Otávio do Rêgo Barros said on Monday.
The Brazilian government is preparing changes to the country's low-income housing program by July that may reduce subsidies, the Economy Ministry said on Wednesday.
Shares in Brazilian builders of low-income housing fell on Wednesday after Regional Development Minister Gustavo Canuto said the government's housing subsidy program would likely run out of funding by June.
Brazilian state bank Caixa Economica Federal has suspended the issuance of some new home loans in the "Minha Casa, Minha Vida" housing subsidy program, knocking shares of homebuilders and dealing a blow to low-income consumers who rely on the program.
Brazilian state bank Caixa Economica Federal has temporarily stopped extending certain new home loans through its "Minha Casa, Minha Vida" housing subsidy program in a blow to homebuilders and low-income consumers who rely on the program.
Even as all major candidates in Brazil's presidential election have expressed support for housing subsidy programs, the country's October vote still brings risks for major homebuilders, a Moody's executive said on Tuesday.
Sales at Cyrela Brazil Realty SA rose sharply in the fourth quarter while the volume of project launches remained roughly flat, the company said late on Wednesday, as the upscale developer benefits from a real estate rebound in Brazil.
Contracted sales at MRV Engenharia e Participações SA jumped 34.2 percent in the fourth quarter year-on-year, reaching 1.7 billion reais ($527 million), as Brazil's largest homebuilder benefits from a nationwide real estate rebound.
Brazilian state bank Caixa Econômica Federal may reduce mortgage lending if it cannot get approval to use money from a worker severance fund known as FGTS to bolster its capital, the bank's president said in a newspaper interview published on Thursday.
Shares in Brazilian homebuilder MRV Engenharia e Participações SA shot up more than 5 percent on Tuesday as executives unveiled plans to start construction on 50,000 new home units in 2018, which could generate more than 7 billion reais ($2.1 billion) in sales.
Brazilian homebuilder Construtora Tenda SA hopes to boost spending on land acquisitions by 25 percent in 2018 as the country's lower end real estate market begins to rebound, executives said on Wednesday.
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