American real estate tycoon Sam Zell is negotiating with GP Investimentos to buy Gafisa (NYSE: GFA)… again. Zell and GP have been partners and shareholders of the Brazilian construction company, but sold all of their shares in early 2011. Gafisa‘s shares fell 52% in the last 365 days, sparking the interest of the former partners.

According to a recent post by Exame magazine, the full details of the deal were not yet defined as talks are still in early stages.

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