(Bloomberg) May 11, 2010 - Gavea Investimentos Ltda., the Brazilian investment firm managed by former central bank President Arminio Fraga, bought a 14.5 percent voting stake in Odebrecht SA’s real-estate unit.

Odebrecht Realizacoes Imobiliarios announced the deal on its website, without disclosing the financial details.

By Laura Price

Visit Odebrecht’s site to read the release in Portuguese.