Gafisa SA (ADR)(NYSE:GFA) shares climbed 12.14% and closed at $4.34 in yesterday’s session. The company is considering spinning off or selling part of its Alphaville Urbanismo SA project. Gafisa is exploring ‘strategic options’ to generate from Alphaville the highest potential value for Gafisa’s shareholders in the long run. Options include a stake sale and an IPO. Gafisa has hired Rothschild as financial advisor and Bain & Co. as strategic advisor.
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