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Cyrela Brazil Realty SA Empreendimentos e Participacoes (CYRE3.SA)

CYRE3.SA on Sao Paulo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Brazil's lower house approves bill to regulate home sales cancellations

SAO PAULO, Dec 5 Brazil's lower house approved on Wednesday a bill to regulate the cancellation of home sales, so that buyers who pull out of a deal will lose 25 percent to 50 percent of the amount paid, depending on the structure of the project.