Tecnisa and Caixa Economica Federal Sign R$ 1.5 Billion Financing Agreement
06 Mars 2008 - 1:05PM
PR Newswire (US)
SAO PAULO, Brazil, March 6 /PRNewswire-FirstCall/ -- Tecnisa S.A.
(Bovespa: TCSA3) -- Tecnisa S.A. ("Tecnisa"), one of the largest
and most renowned real estate companies in Brazil, in line with its
philosophy of transparency and high standards of corporate
governance, hereby informs the market that it has entered into a
partnership with Caixa Economica Federal to provide working capital
loans and mortgage loans for buyers of residential properties, with
total sales of around R$ 1.5 billion. This financing option will
cover all the income segments for projects launched by Tecnisa in
any state in Brazil. With this agreement, Tecnisa has signed loan
agreements totaling R$ 2.7 billion in 2008, which will
substantially boost its growth capacity. In keeping with its policy
of transparency, Tecnisa will always keep the market informed of
further developments. About Tecnisa S.A.: With 30 years in the
industry, Tecnisa S.A. is one of the largest and most traditional
real estate companies in Brazil and among the five largest in the
city of Sao Paulo. It is active in every segment of the business,
from development through construction to sales, and its many
distinguishing features include strong reputation, focus on
exemplary client service and product quality, online sales and
consistent profitability. Tecnisa is listed on the Bovespa's Novo
Mercado segment under the ticker "TCSA3." DATASOURCE: Tecnisa S.A.
CONTACT: Investor Relations, +55-11-3708-1162, Web site:
http://www.tecnisa.com.br/ir
Copyright