Cury Construtora E Incorporadora SaBMFBOVESPA: CURY3

Brazil's Cury raises $106 million in share offering for dividend payment

· Issued by Cury Construtora E Incorporadora Sa

Brazilian homebuilder Cury BMFBOVESPA:CURY3 has raised around 574 million reais ($106 million) in a follow-on share offering, it said in a securities filing early on Friday.

  • The offering was priced at 35.50 reais per share, the company said, in line with its Thursday closing price.

  • Cury announced the offering earlier this month, saying that proceeds would be used for dividend payments.

  • Itau BBA, BTG Pactual, Bank of America and Caixa Economica Federal acted as bookrunners.

($1 = 5.4053 reais)

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