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Cyrela Brazil Realty SA Empreendimentos e Participacoes (CYRE3.SA)

CYRE3.SA on Sao Paulo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Cyrela to allocate 130 mln reais for reconstruction of resort, compensations
Tuesday, 23 May 2017 10:46am EDT 

May 23 (Reuters) - CYRELA BRAZIL REALTY SA ::SAID ON MONDAY IT SIGNED AGREEMENT WITH CONDOMINIUM OWNERS OF GRAND PARC RESIDENTIAL RESORT TO RECONSTRUCT DAMAGED EXTERNAL LEISURE AREA AND TO PAY COMPENSATIONS, WHICH WILL COST ABOUT 130 MILLION REAIS OVER A PERIOD OF TWO YEARS.SAYS AGREEMENT AIMS TO PRESERVE COMMITMENTS MADE WITH CLIENTS .REITERATES THE INEXISTENCE OF DIRECT RESPONSIBILITY FOR ANY FAILURES IN THE EXECUTION OF THE PROJECT.  Full Article

UPDATE 1-Brazil homebuilders optimistic as regulatory issues subside

SAO PAULO, Aug 10 Latin America's two largest homebuilders struck an optimistic tone on Friday, saying profits should increase in coming quarters as key regulatory issues have been solved and Brazil's presidential election should not disrupt housing subsidy programs.