Gafisa gets approval from Cade for the acquisition of Construtora São José

The Superintendence of the Administrative Council for Economic Defense (Cade) approved the acquisition by the construction company Gafisa of Construtora São José Desenvolvimento Imobiliário.

The buyer is based in São Paulo, while the seller has a real estate investment fund for residential projects located in Campinas, São Bernardo do Campo and the state's capital.

This operation represents a good business opportunity for the selling companies. It represents a good business opportunity, providing for the improvement of its activities and exciting potential for value creation and strategic positioning. For Gafisa, the operation is in line with its business plan.

Cade verified that this deal should not hinder the performance of other companies in this sector, as it involves less than 20% of the values obtained in sales. Thus, the deal has been approved.