Brascan buys MB Engenharia

The Brazilian real estate company controlled by Canada's Brookfield Asset Management Inc. approved the general terms and conditions of the proposal for the acquisition of 100% shares issued by MB Engenharia, the Rio de Janeiro-based company said in a regulatory filing.

The structure of the operation foresees immediate investments in MB Engenharia and sets the basis of payments to shareholders. The transaction should be concluded in April.