GP Investments plans to pay 10 reais per share in BR Properties bid

March 14, 2016 10:47 AM

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BRASILIA, March 14 GP Investments Ltd , Latin America's largest private equity firm, set a price of 10 reais per share for its offer to buyout up to 70 percent of Brazilian real estate company BR Properties , GP said in a statement late on Sunday.

GP Investments made on Dec. 11 a 1.87 billion-real ($470 million) offer for a controlling stake in BR Properties, in which Brazilian bank BTG Pactual is a leading shareholder.

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