Brookfield Incorporações S.A. in R$578 Million Offering of Common Shares
October 26, 2009
Cleary Gottlieb represented Brookfield Incorporações S.A. and certain selling shareholders in a registered primary and secondary public offering of common shares in Brazil and an international offering pursuant to Rule 144A and Regulation S. The offering, which was conducted on the São Paulo Stock Exchange (BM&FBOVESPA), closed on October 26.
Brookfield Incorporações S.A. is one of the largest real estate developers in Brazil and, in 2008, it expanded its activities in the mid-Western region of Brazil and consolidated its presence in São Paulo (markets that account for a substantial portion of the Brazilian GDP) through strategic acquisitions. Brookfield Incorporações S.A. is part of the Brookfield Group, which has US$80 billion of assets under its management, of which US$38 billion is invested in the real estate market.