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BRIEF-Cyrela to allocate 130 mln reais for reconstruction of resort, compensations
May 23, 2017 / 2:51 PM / 4 months ago

BRIEF-Cyrela to allocate 130 mln reais for reconstruction of resort, compensations

May 23 (Reuters) - CYRELA BRAZIL REALTY SA:

* SAID ON MONDAY IT SIGNED AGREEMENT WITH CONDOMINIUM OWNERS OF GRAND PARC RESIDENTIAL RESORT TO RECONSTRUCT DAMAGED EXTERNAL LEISURE AREA AND TO PAY COMPENSATIONS, WHICH WILL COST ABOUT 130 MILLION REAIS OVER A PERIOD OF TWO YEARS

* SAYS AGREEMENT AIMS TO PRESERVE COMMITMENTS MADE WITH CLIENTS

* REITERATES THE INEXISTENCE OF DIRECT RESPONSIBILITY FOR ANY FAILURES IN THE EXECUTION OF THE PROJECT

Source text: bit.ly/2qfUzhB

Further company coverage: (Gdynia Newsroom)

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