After the accusation of misappropriation of resources, the Gafisa action fell by 6% – Economy



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Gafisa saw his papers register a strong trough on Wednesday 6 in the B3 – new denomination of the São Paulo Stock Exchange – after the company, which is under the administration of the GWI resource manager since last September. , to be accused by a misappropriation company. The role of the construction company fell 6.54% to R $ 13.01.

According to Polo Capital Securitizadora, which bought a debt to Gafisa and would be entitled to receive a portion of the amounts paid by the company's customers, the company sent customers new billing invoices this month, in which she indicated her own bank details, instead of those related to Polo Capital. The total amount, according to sources close to the record, would be $ 1.8 million.

In an important fact disclosed yesterday, Polo Capital pointed out "the non-respect of the management obligations and the recovery of the credits provided for in the transfer agreements concluded between the parties". With the change of the tickets, Polo Capital declares that "Gafisa began receiving unduly the credits of real estate buyers belonging to the securitizadora".

According to market sources, real estate certificates (GICs) issued by Gafisa total about R $ 300 million. There are no details on the part securitized by Polo Capital.

Gafisa informed by a press release that she "takes the necessary steps" with regard to the accusation of unduly appropriate credits from real estate buyers, which should be used to remunerate a securitization transaction.

Control

Since GWI took over Gafisa in September 2018, the company proceeded with layoffs, failed to pay its suppliers and began renegotiating contracts that it considered to be unattractive. The director has the tradition of embarking on troubled business, as in Saraiva.

In recent months, GWI's share has grown from 37.3% to 48.7%. The appetite has attracted market attention because Gafisa is in the red. Last year, the loss reached 122.5 million R $ until September. In 2017, the loss was R $ 849.8 million.

The purchase of shares is contrary to the recommendations of badysts BB Investimentos, BBI Bradesco, BTG Pactual, Credit Suisse and Itaú BBA, which do not see any paper appreciation base above the average of the market / CYNTHIA DECLOEDT, FERNANDO NAKAGAWA and CIRCE BONATELLI. [Fonction] {f (f, f, f, f, f, f) n.callMethod.apply (n, arguments): n.queue.push (arguments)}; if (! f._fbq) f._fbq = n; n.queue = 0; n.version = 2.0 & # 39 ;; n.queue = []; t = b.createElement (e); t.async =! 0; t.src = v; s = b.getElementsByTagName (e) [0]; s.parentNode.insertBefore (t, s)} (window, document, script, // connect.facebook.net/en_US/fbevents. fbq (& # 39; init & # 39; ;, & # 39; 1659995760901982 & # 39;); fbq (& quot; Track & # 39; PageView & # 39;); [ad_2]
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