We assume that the real estate mogul wanted to stay out of the the real estate market in Brazil for a good reason. From the Wall Street Journal:
“Equity International said it sold its remaining 2.7% in Gafisa, for an undisclosed amount. In 2007, Equity International reached a stake of 23.4% of Gafisa’s capital and since then it reduced its stake via a series of shares sales to the market.”

Full article here.

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