Industry News
Blackstone Transfers 35% Stake in Brazil’s Alphaville Urbanismo to Pátria (em português)
30 April 2019
Blackstone transferred its 35% stake in Brazilian real estate developer Alphaville Urbanismo to its partner Pátria Investimentos. Blackstone and Pátria originally invested R$1.4b in June 2013 for a 70% stake in the company. The two firms formed a partnership in 2010 and Blackstone retains a 40% stake in Pátria.
(Valor Econômico) Seis anos depois de fazer uma grande aposta no setor imobiliário brasileiro no auge do setor, a gestora de recursos americana Blackstone está de saída do capital da empresa de loteamentos de alto padrão Alphaville Urbanismo. E sairá sem levar nada em troca, pelo menos num primeiro momento.
Read more at Valor Econômico.
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