PDG Realty S.A. Empreendimentos e Participações in R$1.059 Billion Offering of Common Shares
October 15, 2009
Cleary Gottlieb represented PDG Realty S.A. Empreendimentos e Participações and its principal shareholder in a primary and secondary public offering of common shares registered in Brazil and exempt from registration in the U.S. and elsewhere pursuant to Rule 144A and Regulation S. The offering, which was conducted on the Novo Mercado segment of the São Paulo Stock Exchange (the “BM&FBOVESPA”), priced on October 1, and Banco BTG Pactual S.A. exercised the green shoe option on October 15.
PDG Realty S.A. Empreendimentos e Participações is a Brazilian real estate developer focused on lower-income and lower-middle income residential projects, which also develops residential projects for higher income segments. PDG Realty S.A. Empreendimentos e Participações is the real estate developer with the largest growth in Brazil in terms of general sales volume launched since its IPO in 2007, among the real estate companies listed on the BM&FBOVESPA.