Brazil Real Estate Companies Merge

Brazil real estate companies Agra, Abyara and Klabin Segall have announced they are merging, creating a new company called Agre Empreendimentos. Agre will have a market cap of BRL2.3bn and net equity of BRL1.5bn, making it one of the largest companies in the sector in Brazil. As part of the deal, 1.00 Agre share will be issued for each 5.19 shares in Abyara, each 4.85 shares in Agra and each 4.78 shares in Klabin Segall.