Reuters - Brazil’s Gafisa Sees Offers for Alphaville Unit

Brazilian homebuilder Gafisa SA received four offers for its high-end Alphaville unit, including from Sam Zell's Equity International, a local newspaper reported on Wednesday. Gafisa owns 80 percent of Alphaville, which could be worth about 1.8 billion reais ($891 million). The sale would help Gafisa reduce its debt, which is among the highest in Brazil's construction sector.

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