Rossi Gets Loan, Plans Share Split

Brazilian real estate company Rossi Residencial has obtained a 1-year BRL200m credit line from Bradesco. It plans to use proceeds to finance 2008-2009 expansion. The developer canceled February 28 a registration to hold a primary public offering on the Bovespa, due to market volatility. Rossi has also approved a two-for-one share split, leaving it with 157.7m shares outstanding.